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

Granite Investment Partners LLC reduced its holdings in Exponent, Inc. (NASDAQ:EXPO) by 9.7% during the fourth quarter, Holdings Channel reports. The firm owned 41,895 shares of the business services provider’s stock after selling 4,490 shares during the period. Granite Investment Partners LLC’s holdings in Exponent were worth $3,733,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EXPO. Venturi Wealth Management LLC increased its stake in Exponent by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock valued at $226,000 after buying an additional 111 shares during the period. Heritage Family Offices LLP grew its holdings in shares of Exponent by 3.8% during the 4th 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 in the last quarter. Bank of Montreal Can increased its stake in shares of Exponent by 1.5% in the fourth quarter. Bank of Montreal Can now owns 8,747 shares of the business services provider’s stock worth $779,000 after acquiring an additional 131 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Exponent by 0.9% during the fourth quarter. Arizona State Retirement System now owns 14,723 shares of the business services provider’s stock worth $1,312,000 after acquiring an additional 133 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 157 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Price Performance

Shares of NASDAQ EXPO opened at $80.32 on Monday. Exponent, Inc. has a one year low of $73.83 and a one year high of $115.75. The business’s 50-day moving average price is $83.53 and its two-hundred day moving average price is $93.12. The company has a market capitalization of $4.08 billion, a P/E ratio of 37.89 and a beta of 0.84.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS 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 period in the previous year, the business posted $0.41 earnings per share. On average, equities analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Insiders Place Their Bets

In other Exponent news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total transaction of $149,174.48. Following the transaction, the vice president now directly owns 1,800 shares in the company, valued at $154,674. This trade represents a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Exponent Company 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.