Russell Investments Group Ltd. Acquires 19,598 Shares of Exponent, Inc. (EXPO)

Russell Investments Group Ltd. lifted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 288,077 shares of the business services provider’s stock after purchasing an additional 19,598 shares during the period. Russell Investments Group Ltd. owned approximately 0.55% of Exponent worth $15,429,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Exponent by 121.0% during the second quarter. BlackRock Inc. now owns 7,238,515 shares of the business services provider’s stock worth $349,620,000 after acquiring an additional 3,963,618 shares in the last quarter. Conestoga Capital Advisors LLC grew its position in Exponent by 111.6% in the second quarter. Conestoga Capital Advisors LLC now owns 1,989,839 shares of the business services provider’s stock valued at $96,109,000 after purchasing an additional 1,049,534 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Exponent by 88.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,736,818 shares of the business services provider’s stock valued at $83,890,000 after purchasing an additional 814,572 shares in the last quarter. Janus Henderson Group PLC grew its position in Exponent by 109.9% in the second quarter. Janus Henderson Group PLC now owns 1,062,498 shares of the business services provider’s stock valued at $51,319,000 after purchasing an additional 556,278 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Exponent by 88.4% in the second quarter. Renaissance Technologies LLC now owns 1,099,651 shares of the business services provider’s stock valued at $53,113,000 after purchasing an additional 515,851 shares in the last quarter. Institutional investors own 88.13% of the company’s stock.

Shares of NASDAQ EXPO traded down $0.05 during mid-day trading on Monday, reaching $50.27. 164,900 shares of the company were exchanged, compared to its average volume of 202,778. Exponent, Inc. has a twelve month low of $34.90 and a twelve month high of $54.58. The stock has a market cap of $2.62 billion, a PE ratio of 46.89 and a beta of 0.61.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, October 18th. The business services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Exponent had a net margin of 13.98% and a return on equity of 20.92%. The business had revenue of $88.71 million for the quarter, compared to analyst estimates of $88.52 million. During the same period last year, the firm earned $0.27 earnings per share. Exponent’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Exponent, Inc. will post 1.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, December 7th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.03%. The ex-dividend date is Thursday, December 6th. Exponent’s dividend payout ratio is currently 48.60%.

In other Exponent news, VP Harri Kytomaa sold 3,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $51.50, for a total value of $154,500.00. Following the transaction, the vice president now directly owns 6,090 shares of the company’s stock, valued at approximately $313,635. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

EXPO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Monday, October 22nd. BidaskClub cut shares of Exponent from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 20th. Finally, Berenberg Bank initiated coverage on shares of Exponent in a research note on Wednesday, September 12th. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $45.00.

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Exponent Company 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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