Intech Investment Management LLC Invests $933,000 in Exponent, Inc. (NASDAQ:EXPO)

Intech Investment Management LLC bought a new position in shares of Exponent, Inc. (NASDAQ:EXPO) during the third quarter, Holdings Channel reports. The firm bought 8,093 shares of the business services provider’s stock, valued at approximately $933,000.

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

Exponent Stock Performance

Shares of EXPO opened at $98.61 on Friday. The business has a 50-day moving average of $105.78 and a 200 day moving average of $102.23. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75. The firm has a market cap of $5.01 billion, a P/E ratio of 47.64 and a beta of 0.69.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio (DPR) is currently 54.11%.

Insider Buying and Selling

In other Exponent news, Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $103.83, for a total transaction of $726,810.00. Following the completion of the transaction, the director now owns 80,742 shares of the company’s stock, valued at $8,383,441.86. The trade was a 7.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carol Lindstrom sold 1,039 shares of Exponent 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 transaction, the director now directly owns 5,871 shares of the company’s stock, valued at $565,494.72. The trade was a 15.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,339 shares of company stock valued at $3,103,065. 2.10% of the stock is owned by insiders.

About Exponent

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.