Ontario Teachers Pension Plan Board Sells 28,677 Shares of Exponent, Inc. (NASDAQ:EXPO)

Ontario Teachers Pension Plan Board lessened its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 62.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,321 shares of the business services provider’s stock after selling 28,677 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Exponent were worth $1,997,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Exponent by 2.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,134 shares of the business services provider’s stock worth $1,284,000 after purchasing an additional 239 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of Exponent by 7.9% during the 3rd quarter. Pathstone Holdings LLC now owns 23,606 shares of the business services provider’s stock worth $2,721,000 after purchasing an additional 1,722 shares in the last quarter. Quest Partners LLC boosted its position in shares of Exponent by 725.5% during the 3rd quarter. Quest Partners LLC now owns 15,396 shares of the business services provider’s stock worth $1,775,000 after purchasing an additional 13,531 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Exponent by 22.1% during the 3rd quarter. Empowered Funds LLC now owns 9,525 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 1,724 shares in the last quarter. Finally, Curi RMB Capital LLC boosted its position in shares of Exponent by 1.1% during the 3rd quarter. Curi RMB Capital LLC now owns 105,346 shares of the business services provider’s stock worth $12,144,000 after purchasing an additional 1,157 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Exponent Stock Performance

Shares of NASDAQ EXPO opened at $94.87 on Wednesday. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 45.83 and a beta of 0.69. The firm’s 50-day simple moving average is $106.88 and its 200 day simple moving average is $102.14.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 1.18%. Exponent’s payout ratio is 54.11%.

Analysts Set New Price Targets

Separately, Truist Financial reaffirmed a “buy” rating and issued a $120.00 price target (up previously from $100.00) on shares of Exponent in a research report on Friday, July 26th.

Insider Activity at Exponent

In other Exponent news, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.32, for a total value of $100,076.48. Following the completion of the sale, the director now owns 5,871 shares in the company, valued at approximately $565,494.72. This trade represents a 15.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul R. Johnston sold 7,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $103.83, for a total transaction of $726,810.00. Following the completion of the sale, the director now owns 80,742 shares of the company’s stock, valued at approximately $8,383,441.86. This trade represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,039 shares of company stock valued at $2,979,526. 2.10% of the stock is owned by corporate insiders.

Exponent Company 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.