US Bancorp DE Decreases Stock Position in Exponent, Inc. (NASDAQ:EXPO)

US Bancorp DE trimmed its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 7.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,305 shares of the business services provider’s stock after selling 1,132 shares during the period. US Bancorp DE’s holdings in Exponent were worth $1,535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP bought a new stake in shares of Exponent during the 2nd quarter valued at about $25,000. GAMMA Investing LLC raised its stake in Exponent by 67.7% during the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 153 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Exponent by 166.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock worth $49,000 after acquiring an additional 323 shares during the last quarter. USA Financial Formulas bought a new position in shares of Exponent during the 3rd quarter valued at about $60,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Exponent by 70.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock valued at $83,000 after buying an additional 361 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial reiterated 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 Buying and Selling at Exponent

In related news, Director Carol Lindstrom sold 1,039 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $96.32, for a total transaction of $100,076.48. Following the completion of the transaction, the director now owns 5,871 shares of the company’s stock, valued at $565,494.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Exponent news, Director Carol Lindstrom sold 1,039 shares of Exponent stock in a transaction on 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 transaction, the director now owns 5,871 shares of the company’s stock, valued at approximately $565,494.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul R. Johnston sold 14,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $104.60, for a total value of $1,464,400.00. Following the transaction, the director now directly owns 80,742 shares of the company’s stock, valued at approximately $8,445,613.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Exponent Trading Down 0.5 %

EXPO opened at $104.20 on Friday. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 50.34 and a beta of 0.69. The business’s fifty day simple moving average is $107.71 and its 200-day simple moving average is $101.25. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.07%. Exponent’s dividend payout ratio (DPR) is currently 54.11%.

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.