Parkside Financial Bank & Trust Lowers Stock Position in Exponent, Inc. (NASDAQ:EXPO)

Parkside Financial Bank & Trust lessened its holdings in Exponent, Inc. (NASDAQ:EXPO) by 25.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,592 shares of the business services provider’s stock after selling 544 shares during the period. Parkside Financial Bank & Trust’s holdings in Exponent were worth $142,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EXPO. Venturi Wealth Management LLC lifted its position in Exponent by 4.6% during the fourth quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock valued at $226,000 after acquiring an additional 111 shares during the last quarter. Heritage Family Offices LLP lifted its position in Exponent by 3.8% during the fourth quarter. Heritage Family Offices LLP now owns 3,123 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 114 shares during the last quarter. Pacer Advisors Inc. lifted its position in Exponent by 2.4% during the fourth quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider’s stock valued at $675,000 after acquiring an additional 180 shares during the last quarter. Mather Group LLC. lifted its position in Exponent by 14.9% during the fourth quarter. Mather Group LLC. now owns 1,512 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 196 shares during the last quarter. Finally, Westside Investment Management Inc. purchased a new stake in Exponent during the third quarter valued at approximately $26,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insiders Place Their Bets

In other Exponent news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the transaction, the vice president now owns 1,800 shares of the company’s stock, valued at approximately $154,674. This trade represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Exponent Stock Down 1.1 %

NASDAQ:EXPO opened at $84.66 on Friday. Exponent, Inc. has a 52 week low of $77.21 and a 52 week high of $115.75. The firm has a 50 day moving average of $89.78 and a 200 day moving average of $98.93. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 39.93 and a beta of 0.71.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, beating 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 quarter in the previous year, the business earned $0.41 earnings per share. As a group, analysts expect that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a $0.30 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. This is a boost from Exponent’s previous quarterly dividend of $0.28. Exponent’s dividend payout ratio (DPR) is currently 56.60%.

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.