Exponent, Inc. (NASDAQ:EXPO) is Geneva Capital Management LLC’s 10th Largest Position

Geneva Capital Management LLC reduced its position in Exponent, Inc. (NASDAQ:EXPO) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,569,676 shares of the business services provider’s stock after selling 21,128 shares during the period. Exponent comprises approximately 2.4% of Geneva Capital Management LLC’s holdings, making the stock its 10th largest position. Geneva Capital Management LLC owned approximately 3.09% of Exponent worth $139,858,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its holdings in Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after acquiring an additional 157 shares during the last quarter. Westside Investment Management Inc. bought a new stake in Exponent in the 3rd quarter worth approximately $26,000. Trust Co. of Vermont bought a new stake in Exponent in the 4th quarter worth approximately $45,000. Anchor Investment Management LLC bought a new stake in Exponent in the 3rd quarter worth approximately $64,000. Finally, Quarry LP grew its position in Exponent by 127.9% in the 3rd quarter. Quarry LP now owns 604 shares of the business services provider’s stock worth $70,000 after purchasing an additional 339 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

Exponent Trading Up 0.6 %

NASDAQ:EXPO opened at $83.73 on Thursday. Exponent, Inc. has a 12 month low of $77.21 and a 12 month high of $115.75. The company has a market cap of $4.25 billion, a PE ratio of 39.50 and a beta of 0.71. The company has a 50 day simple moving average of $89.51 and a two-hundred day simple moving average of $98.59.

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

Exponent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Exponent’s previous quarterly dividend of $0.28. Exponent’s payout ratio is 56.60%.

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.