Resona Asset Management Co. Ltd. Purchases New Shares in Exponent, Inc. (NASDAQ:EXPO)

Resona Asset Management Co. Ltd. acquired a new stake in Exponent, Inc. (NASDAQ:EXPO) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 432,179 shares of the business services provider’s stock, valued at approximately $38,538,000.

A number of other large investors have also modified their holdings of EXPO. Private Trust Co. NA increased its position in shares of Exponent by 129.8% in the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after buying an additional 157 shares in the last quarter. Atala Financial Inc acquired a new stake in Exponent in the 4th quarter valued at $25,000. Westside Investment Management Inc. purchased a new stake in Exponent in the 3rd quarter worth $26,000. Tortoise Investment Management LLC raised its position in Exponent by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock worth $39,000 after acquiring an additional 191 shares during the period. Finally, Trust Co. of Vermont purchased a new position in Exponent during the fourth quarter valued at $45,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity at Exponent

In other Exponent 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 transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is currently owned by insiders.

Exponent Trading Down 1.9 %

Shares of Exponent stock opened at $77.06 on Friday. Exponent, Inc. has a twelve month low of $76.18 and a twelve month high of $115.75. The firm’s 50-day moving average price is $85.49 and its 200 day moving average price is $94.85. The firm has a market capitalization of $3.92 billion, a PE ratio of 36.35 and a beta of 0.77.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.46 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 period in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts predict that Exponent, Inc. will post 1.98 EPS for the current fiscal 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.