Comerica Bank boosted its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,815 shares of the business services provider’s stock after purchasing an additional 6,213 shares during the period. Comerica Bank owned about 0.16% of Exponent worth $3,042,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Conestoga Capital Advisors LLC raised its stake in shares of Exponent by 17.5% in the third quarter. Conestoga Capital Advisors LLC now owns 854,790 shares of the business services provider’s stock valued at $63,169,000 after acquiring an additional 127,613 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Exponent by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock valued at $131,841,000 after purchasing an additional 85,291 shares in the last quarter. GW&K Investment Management LLC increased its holdings in shares of Exponent by 17.9% in the fourth quarter. GW&K Investment Management LLC now owns 496,857 shares of the business services provider’s stock valued at $35,327,000 after purchasing an additional 75,277 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Exponent in the fourth quarter valued at approximately $4,770,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Exponent by 56.1% in the third quarter. Russell Investments Group Ltd. now owns 109,873 shares of the business services provider’s stock valued at $8,119,000 after purchasing an additional 39,505 shares in the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.
A number of brokerages recently weighed in on EXPO. BidaskClub raised shares of Exponent from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research lowered shares of Exponent from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, SunTrust Banks raised shares of Exponent from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $84.67.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. Exponent had a net margin of 11.88% and a return on equity of 17.81%. The company had revenue of $82.72 million during the quarter, compared to analyst estimates of $80.27 million. During the same quarter in the previous year, the business earned $0.39 EPS. The firm’s revenue was up 13.7% on a year-over-year basis. research analysts anticipate that Exponent, Inc. will post 2.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be issued a $0.26 dividend. This is a positive change from Exponent’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.04 annualized dividend and a dividend yield of 1.31%. Exponent’s payout ratio is 68.42%.
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Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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