Intech Investment Management LLC Invests $933,000 in Exponent, Inc. (NASDAQ:EXPO)

Intech Investment Management LLC acquired a new position in shares of Exponent, Inc. (NASDAQ:EXPO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,093 shares of the business services provider’s stock, valued at approximately $933,000.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in Exponent in the 2nd quarter valued at $25,000. GAMMA Investing LLC grew its position in Exponent by 67.7% in the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 153 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Exponent by 166.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 323 shares during the period. USA Financial Formulas acquired a new stake in Exponent in the 3rd quarter valued at $60,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Exponent by 70.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 361 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Buying and Selling at Exponent

In other Exponent news, Director Carol Lindstrom sold 1,039 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $96.32, for a total transaction of $100,076.48. Following the transaction, the director now directly owns 5,871 shares in the company, valued at approximately $565,494.72. This trade represents a 15.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul R. Johnston sold 14,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total value of $1,464,400.00. Following the transaction, the director now owns 80,742 shares in the company, valued at approximately $8,445,613.20. This trade represents a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,339 shares of company stock worth $3,103,065. Corporate insiders own 2.10% of the company’s stock.

Exponent Trading Down 0.4 %

NASDAQ EXPO opened at $98.61 on Friday. The company has a fifty day simple moving average of $105.78 and a 200 day simple moving average of $102.23. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75. The company has a market cap of $5.01 billion, a P/E ratio of 47.64 and a beta of 0.69.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s payout ratio is currently 54.11%.

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.