Resona Asset Management Co. Ltd. Takes $38.54 Million Position in Exponent, Inc. (NASDAQ:EXPO)

Resona Asset Management Co. Ltd. bought a new position in Exponent, Inc. (NASDAQ:EXPO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 432,179 shares of the business services provider’s stock, valued at approximately $38,538,000. Resona Asset Management Co. Ltd. owned approximately 0.85% of Exponent at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. purchased a new position in shares of Exponent in the 3rd quarter worth approximately $26,000. Private Trust Co. NA increased 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 acquiring an additional 157 shares during the last quarter. Atala Financial Inc purchased a new stake in shares of Exponent in the fourth quarter valued at $25,000. Tortoise Investment Management LLC raised its stake in shares of Exponent by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 191 shares during the period. Finally, Trust Co. of Vermont purchased a new position in shares of Exponent during the 4th quarter worth about $45,000. 92.37% of the stock is owned by institutional investors.

Exponent Price Performance

Shares of NASDAQ EXPO opened at $77.06 on Friday. Exponent, Inc. has a 1 year low of $76.18 and a 1 year high of $115.75. The firm has a 50-day simple moving average of $85.49 and a two-hundred day simple moving average of $94.85. The company has a market cap of $3.92 billion, a P/E ratio of 36.35 and a beta of 0.77.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping 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 period in the previous year, the firm earned $0.41 EPS. As a group, equities research analysts expect that Exponent, Inc. will post 1.98 EPS for the current year.

Insiders Place Their Bets

In other news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the sale, the vice president now owns 1,800 shares of the company’s stock, valued at $154,674. This trade represents a 49.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

About Exponent

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.