HighTower Advisors LLC Sells 358 Shares of Exponent, Inc. (NASDAQ:EXPO)

HighTower Advisors LLC lessened its stake in Exponent, Inc. (NASDAQ:EXPO) by 5.3% during the fourth quarter, Holdings Channel reports. The firm owned 6,441 shares of the business services provider’s stock after selling 358 shares during the period. HighTower Advisors LLC’s holdings in Exponent were worth $574,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of EXPO. Charles Schwab Investment Management Inc. lifted its stake in Exponent by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 517,612 shares of the business services provider’s stock valued at $59,670,000 after acquiring an additional 7,163 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Exponent by 174.7% in the third quarter. Citigroup Inc. now owns 48,309 shares of the business services provider’s stock valued at $5,569,000 after purchasing an additional 30,723 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Exponent by 20.1% during the third quarter. Cerity Partners LLC now owns 21,823 shares of the business services provider’s stock valued at $2,516,000 after purchasing an additional 3,659 shares in the last quarter. FMR LLC boosted its holdings in Exponent by 48.4% during the third quarter. FMR LLC now owns 10,278 shares of the business services provider’s stock worth $1,185,000 after purchasing an additional 3,351 shares during the last quarter. Finally, Townsquare Capital LLC grew its position in Exponent by 7.0% in the 3rd quarter. Townsquare Capital LLC now owns 25,981 shares of the business services provider’s stock worth $2,995,000 after purchasing an additional 1,707 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Transactions at Exponent

In other news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the completion of the sale, the vice president now owns 1,800 shares in the company, valued at $154,674. This trade represents a 49.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Exponent Stock Performance

NASDAQ:EXPO opened at $82.23 on Friday. Exponent, Inc. has a 52 week low of $77.30 and a 52 week high of $115.75. The firm has a 50-day moving average price of $86.78 and a two-hundred day moving average price of $95.69. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 38.79 and a beta of 0.77.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, sell-side analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

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.