LPL Financial LLC Has $279,000 Stake in Exponent, Inc. (NASDAQ:EXPO)

LPL Financial LLC raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,501 shares of the business services provider’s stock after buying an additional 1,018 shares during the quarter. LPL Financial LLC’s holdings in Exponent were worth $279,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. First Hawaiian Bank grew its holdings in shares of Exponent by 133.5% in the fourth quarter. First Hawaiian Bank now owns 1,102 shares of the business services provider’s stock worth $56,000 after acquiring an additional 630 shares during the period. Quantamental Technologies LLC bought a new stake in Exponent during the fourth quarter valued at about $132,000. We Are One Seven LLC bought a new stake in Exponent during the fourth quarter valued at about $134,000. LS Investment Advisors LLC grew its holdings in Exponent by 93.1% during the fourth quarter. LS Investment Advisors LLC now owns 2,723 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 1,313 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Exponent by 21.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,574 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 622 shares during the period. Institutional investors and hedge funds own 90.18% of the company’s stock.

In other news, insider Harri Kytomaa sold 2,366 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $56.27, for a total transaction of $133,134.82. Following the transaction, the insider now owns 3,816 shares of the company’s stock, valued at $214,726.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Several analysts have issued reports on the company. Zacks Investment Research raised Exponent from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Tuesday. William Blair restated a “market perform” rating on shares of Exponent in a research report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $64.00 target price (up from $56.00) on shares of Exponent in a research report on Monday. Finally, BidaskClub downgraded Exponent from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $61.33.

Shares of EXPO traded up $1.74 during mid-day trading on Wednesday, reaching $57.77. 176,340 shares of the company’s stock traded hands, compared to its average volume of 204,125. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 46.22 and a beta of 0.47. Exponent, Inc. has a 12 month low of $42.58 and a 12 month high of $59.80.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 18th. The business services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The firm had revenue of $93.40 million for the quarter, compared to analysts’ expectations of $93.52 million. Exponent had a return on equity of 23.24% and a net margin of 19.53%. The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts expect that Exponent, Inc. will post 1.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.11%. Exponent’s dividend payout ratio is 51.20%.

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About Exponent

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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