ARP Americas LP Buys Shares of 3,400 Exponent, Inc. (NASDAQ:EXPO)

ARP Americas LP bought a new stake in Exponent, Inc. (NASDAQ:EXPO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,400 shares of the business services provider’s stock, valued at approximately $275,000.

A number of other institutional investors also recently modified their holdings of EXPO. Goldman Sachs Group Inc. grew its position in shares of Exponent by 6.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 148,449 shares of the business services provider’s stock valued at $10,244,000 after purchasing an additional 8,426 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Exponent by 138.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 14,383 shares of the business services provider’s stock valued at $993,000 after purchasing an additional 8,361 shares during the last quarter. Mason Street Advisors LLC grew its position in shares of Exponent by 2.4% in the fourth quarter. Mason Street Advisors LLC now owns 18,052 shares of the business services provider’s stock valued at $1,246,000 after purchasing an additional 423 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Exponent by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 828,673 shares of the business services provider’s stock valued at $57,186,000 after purchasing an additional 31,065 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Exponent in the fourth quarter valued at approximately $40,212,000. 88.81% of the stock is owned by institutional investors.

EXPO has been the topic of several research reports. BidaskClub upgraded shares of Exponent from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research lowered shares of Exponent from a “hold” rating to a “sell” rating in a research report on Friday, July 3rd. Finally, Sidoti raised their target price on shares of Exponent from $80.00 to $94.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Exponent presently has a consensus rating of “Hold” and a consensus target price of $86.75.

In other Exponent news, Director Paul R. Johnston sold 8,352 shares of Exponent stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $76.55, for a total value of $639,345.60. Following the transaction, the director now owns 71,979 shares in the company, valued at approximately $5,509,992.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Bradley A. James sold 4,370 shares of Exponent stock in a transaction on Monday, May 18th. The shares were sold at an average price of $67.56, for a total transaction of $295,237.20. Following the completion of the transaction, the vice president now owns 3,120 shares in the company, valued at approximately $210,787.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,070 shares of company stock worth $4,545,523. 2.20% of the stock is owned by company insiders.

NASDAQ EXPO traded up $0.61 during mid-day trading on Friday, reaching $84.06. 420,743 shares of the stock were exchanged, compared to its average volume of 186,028. Exponent, Inc. has a 1-year low of $58.03 and a 1-year high of $84.34. The business’s fifty day simple moving average is $78.81 and its 200 day simple moving average is $73.63. The stock has a market capitalization of $4.33 billion, a PE ratio of 55.30 and a beta of 0.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.81 and a current ratio of 3.81.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, July 30th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. Exponent had a net margin of 19.87% and a return on equity of 23.68%. The firm had revenue of $87.86 million for the quarter, compared to analyst estimates of $85.11 million. On average, analysts anticipate that Exponent, Inc. will post 1.33 EPS for the current year.

Exponent Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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