Hilltop National Bank cut its position in Exponent, Inc. (NASDAQ:EXPO – Free Report) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,655 shares of the business services provider’s stock after selling 167 shares during the period. Hilltop National Bank’s holdings in Exponent were worth $147,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in EXPO. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Exponent by 6.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock worth $441,414,000 after acquiring an additional 284,179 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Exponent by 63.6% in the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock worth $72,701,000 after acquiring an additional 245,086 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Exponent in the third quarter worth approximately $11,261,000. Geode Capital Management LLC boosted its stake in shares of Exponent by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock worth $173,597,000 after acquiring an additional 69,099 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock worth $11,127,000 after acquiring an additional 66,263 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Exponent news, Director Carol Lindstrom sold 1,039 shares of Exponent stock in a transaction on Monday, November 4th. The stock was sold at an average price of $96.32, for a total value of $100,076.48. Following the sale, the director now owns 5,871 shares in the company, valued at $565,494.72. The trade was a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul R. Johnston sold 14,000 shares of Exponent stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total value of $1,464,400.00. Following the completion of the sale, the director now owns 80,742 shares in the company, valued at $8,445,613.20. This represents a 14.78 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,339 shares of company stock worth $3,103,065. 2.10% of the stock is owned by corporate insiders.
Exponent Price Performance
Exponent Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.28 per share. The ex-dividend date was Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.26%. Exponent’s payout ratio is 54.11%.
About Exponent
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.
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