Teachers Retirement System of The State of Kentucky Has $2.34 Million Stake in Exponent, Inc. (EXPO)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,690 shares of the business services provider’s stock after selling 2,180 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.08% of Exponent worth $2,342,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Exponent by 121.0% in the 2nd quarter. BlackRock Inc. now owns 7,238,515 shares of the business services provider’s stock valued at $349,620,000 after purchasing an additional 3,963,618 shares during the period. Conestoga Capital Advisors LLC lifted its position in Exponent by 13.2% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,252,766 shares of the business services provider’s stock worth $120,748,000 after acquiring an additional 262,927 shares during the period. Dimensional Fund Advisors LP lifted its position in Exponent by 88.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,736,818 shares of the business services provider’s stock worth $83,890,000 after acquiring an additional 814,572 shares during the period. Renaissance Technologies LLC lifted its position in Exponent by 88.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,099,651 shares of the business services provider’s stock worth $53,113,000 after acquiring an additional 515,851 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Exponent by 109.9% during the 2nd quarter. Janus Henderson Group PLC now owns 1,062,498 shares of the business services provider’s stock worth $51,319,000 after acquiring an additional 556,278 shares during the period. 89.04% of the stock is owned by institutional investors and hedge funds.

EXPO has been the subject of a number of recent research reports. BidaskClub cut Exponent from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th. Berenberg Bank initiated coverage on Exponent in a research report on Wednesday, September 12th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday, October 22nd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.00.

In other news, insider Harri Kytomaa sold 7,000 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $49.00, for a total transaction of $343,000.00. Following the completion of the transaction, the insider now directly owns 13,090 shares of the company’s stock, valued at approximately $641,410. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Shares of EXPO stock opened at $50.69 on Friday. The company has a market cap of $2.63 billion, a PE ratio of 47.37 and a beta of 0.61. Exponent, Inc. has a 12-month low of $34.90 and a 12-month high of $54.58.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, October 18th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $88.71 million during the quarter, compared to the consensus estimate of $88.52 million. Exponent had a return on equity of 20.92% and a net margin of 13.98%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. As a group, research analysts anticipate that Exponent, Inc. will post 1.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, December 6th. Exponent’s dividend payout ratio (DPR) is 48.60%.

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Exponent 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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