Teacher Retirement System of Texas Acquires 37,716 Shares of Exponent, Inc. (NASDAQ:EXPO)

Teacher Retirement System of Texas boosted its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 64.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,663 shares of the business services provider’s stock after buying an additional 37,716 shares during the quarter. Teacher Retirement System of Texas owned 0.19% of Exponent worth $8,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its stake in Exponent by 219.0% during the third quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock worth $11,127,000 after buying an additional 66,263 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Exponent by 223.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider’s stock worth $541,000 after buying an additional 4,254 shares during the period. JPMorgan Chase & Co. boosted its stake in Exponent by 63.6% during the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock worth $72,701,000 after buying an additional 245,086 shares during the period. Argent Capital Management LLC boosted its stake in Exponent by 17.3% during the fourth quarter. Argent Capital Management LLC now owns 28,323 shares of the business services provider’s stock worth $2,524,000 after buying an additional 4,173 shares during the period. Finally, Citigroup Inc. boosted its stake in Exponent by 174.7% during the third quarter. Citigroup Inc. now owns 48,309 shares of the business services provider’s stock worth $5,569,000 after buying an additional 30,723 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the completion of the sale, the vice president now directly owns 1,800 shares of the company’s stock, valued at approximately $154,674. The trade was a 49.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Exponent Stock Down 1.6 %

NASDAQ EXPO opened at $78.90 on Friday. The company has a fifty day moving average of $87.84 and a two-hundred day moving average of $96.51. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 37.22 and a beta of 0.77. Exponent, Inc. has a 52 week low of $77.30 and a 52 week high of $115.75.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share (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 last year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

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.