Certified Advisory Corp increased its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 214.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,033 shares of the business services provider’s stock after buying an additional 3,433 shares during the period. Certified Advisory Corp’s holdings in Exponent were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its stake in Exponent by 3.5% in the fourth quarter. Isthmus Partners LLC now owns 31,177 shares of the business services provider’s stock worth $1,581,000 after purchasing an additional 1,062 shares in the last quarter. Hardy Reed LLC acquired a new position in shares of Exponent during the fourth quarter valued at $216,000. LS Investment Advisors LLC lifted its stake in shares of 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 acquiring an additional 1,313 shares during the period. Sawgrass Asset Management LLC acquired a new position in shares of Exponent during the fourth quarter valued at $429,000. Finally, TD Asset Management Inc. lifted its stake in shares of Exponent by 13.2% during the fourth quarter. TD Asset Management Inc. now owns 201,400 shares of the business services provider’s stock valued at $10,213,000 after acquiring an additional 23,500 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.
Shares of EXPO opened at $51.77 on Monday. Exponent, Inc. has a 12-month low of $35.42 and a 12-month high of $54.58. The firm has a market cap of $2.69 billion, a PE ratio of 40.92 and a beta of 0.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.13. Exponent’s dividend payout ratio is 41.60%.
Several brokerages have recently issued reports on EXPO. BidaskClub lowered Exponent from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th. Zacks Investment Research lowered Exponent from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $56.00 price target on shares of Exponent in a research note on Friday, February 1st. Finally, ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $56.00.
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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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