Exponent, Inc. (NASDAQ:EXPO) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Exponent, Inc. (NASDAQ:EXPO) by 63.6% during the third quarter, Holdings Channel.com reports. The fund owned 630,644 shares of the business services provider’s stock after acquiring an additional 245,086 shares during the period. JPMorgan Chase & Co.’s holdings in Exponent were worth $72,701,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Exponent during the 2nd quarter worth about $25,000. Westside Investment Management Inc. acquired a new stake in Exponent during the third quarter worth approximately $26,000. USA Financial Formulas acquired a new position in Exponent in the 3rd quarter valued at $60,000. Anchor Investment Management LLC purchased a new position in shares of Exponent during the 3rd quarter worth $64,000. Finally, GAMMA Investing LLC grew its position in shares of Exponent by 64.6% in the third quarter. GAMMA Investing LLC now owns 624 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 245 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Buying and Selling at Exponent

In other Exponent news, Director Paul R. Johnston sold 14,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the transaction, the director now owns 80,742 shares in the company, valued at $8,445,613.20. The trade was a 14.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 of the company’s stock, valued at approximately $565,494.72. This trade represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,339 shares of company stock worth $3,103,065 in the last quarter. 2.10% of the stock is owned by insiders.

Exponent Trading Up 1.1 %

NASDAQ EXPO opened at $88.91 on Friday. The company has a market capitalization of $4.51 billion, a PE ratio of 42.95 and a beta of 0.70. The business’s 50-day moving average price is $95.79 and its 200 day moving average price is $101.81. Exponent, Inc. has a twelve month low of $68.70 and a twelve month high of $115.75.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, December 6th. Exponent’s dividend payout ratio 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.