Parkside Financial Bank & Trust Purchases 127 Shares of Exponent, Inc. (NASDAQ:EXPO)

Parkside Financial Bank & Trust boosted its position in Exponent, Inc. (NASDAQ:EXPO) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,595 shares of the business services provider’s stock after purchasing an additional 127 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Exponent were worth $140,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Operose Advisors LLC bought a new position in Exponent in the third quarter worth $39,000. Signaturefd LLC raised its holdings in Exponent by 157.7% in the third quarter. Signaturefd LLC now owns 915 shares of the business services provider’s stock worth $78,000 after purchasing an additional 560 shares in the last quarter. Covestor Ltd raised its holdings in Exponent by 24.8% in the third quarter. Covestor Ltd now owns 1,474 shares of the business services provider’s stock worth $126,000 after purchasing an additional 293 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of Exponent by 6.7% during the third quarter. Quadrature Capital Ltd now owns 2,452 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 155 shares in the last quarter. Finally, AXQ Capital LP increased its holdings in shares of Exponent by 13.8% during the third quarter. AXQ Capital LP now owns 2,500 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 303 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price target on Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 2nd. StockNews.com upgraded Exponent from a “sell” rating to a “hold” rating in a report on Monday, March 4th.

Exponent Stock Performance

NASDAQ EXPO opened at $80.60 on Thursday. Exponent, Inc. has a one year low of $64.61 and a one year high of $101.65. The stock has a 50-day moving average of $79.46 and a 200 day moving average of $81.93. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 41.33 and a beta of 0.68.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Exponent had a return on equity of 28.49% and a net margin of 18.69%. The business had revenue of $113.87 million during the quarter, compared to the consensus estimate of $119.11 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Exponent’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Exponent, Inc. will post 1.76 earnings per share for the current fiscal year.

Exponent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.39%. This is an increase from Exponent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 7th. Exponent’s dividend payout ratio (DPR) is presently 57.44%.

Insider Buying and Selling

In related news, insider Eric Guyer sold 3,367 shares of Exponent stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $78.49, for a total value of $264,275.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by corporate insiders.

Exponent Profile

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.