Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC lowered its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 9.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,895 shares of the business services provider’s stock after selling 4,490 shares during the quarter. Granite Investment Partners LLC owned approximately 0.08% of Exponent worth $3,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock valued at $11,127,000 after buying an additional 66,263 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Exponent by 223.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider’s stock valued at $541,000 after purchasing an additional 4,254 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Exponent by 63.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock valued at $72,701,000 after purchasing an additional 245,086 shares during the period. Argent Capital Management LLC boosted its stake in Exponent by 17.3% during the 4th quarter. Argent Capital Management LLC now owns 28,323 shares of the business services provider’s stock valued at $2,524,000 after purchasing an additional 4,173 shares during the period. Finally, Geode Capital Management LLC grew its position in Exponent by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock worth $173,597,000 after purchasing an additional 69,099 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity at Exponent

In related news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the sale, the vice president now owns 1,800 shares of the company’s stock, valued at $154,674. The trade was a 49.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

Exponent Trading Up 1.7 %

EXPO opened at $80.32 on Monday. The business’s 50 day moving average is $83.53 and its 200-day moving average is $93.12. The stock has a market cap of $4.08 billion, a PE ratio of 37.89 and a beta of 0.84. Exponent, Inc. has a twelve month low of $73.83 and a twelve month high of $115.75.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same quarter in the prior year, the company posted $0.41 EPS. As a group, analysts forecast that Exponent, Inc. will post 1.98 EPS for the current year.

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.