JPMorgan Chase & Co. Trims Stock Position in Exponent, Inc. (NASDAQ:EXPO)

JPMorgan Chase & Co. decreased its holdings in Exponent, Inc. (NASDAQ:EXPO) by 3.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 610,390 shares of the business services provider’s stock after selling 20,254 shares during the period. JPMorgan Chase & Co.’s holdings in Exponent were worth $54,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. WINTON GROUP Ltd increased its position in Exponent by 2.9% during the fourth quarter. WINTON GROUP Ltd now owns 11,590 shares of the business services provider’s stock worth $1,033,000 after purchasing an additional 322 shares during the last quarter. Summitry LLC increased its holdings in shares of Exponent by 26.9% during the 4th quarter. Summitry LLC now owns 3,117 shares of the business services provider’s stock worth $278,000 after buying an additional 661 shares during the last quarter. Pier Capital LLC raised its position in shares of Exponent by 7.8% in the 4th quarter. Pier Capital LLC now owns 82,603 shares of the business services provider’s stock worth $7,360,000 after buying an additional 5,984 shares during the period. Vanguard Group Inc. boosted its holdings in Exponent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider’s stock valued at $476,284,000 after acquiring an additional 67,296 shares during the last quarter. Finally, Bridge City Capital LLC grew its position in Exponent by 7.5% during the fourth quarter. Bridge City Capital LLC now owns 53,286 shares of the business services provider’s stock valued at $4,748,000 after acquiring an additional 3,739 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity

In other Exponent news, VP Richard Reiss sold 1,736 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the transaction, the vice president now owns 1,800 shares in the company, valued at $154,674. This represents a 49.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.10% of the company’s stock.

Exponent Stock Performance

EXPO opened at $77.06 on Friday. Exponent, Inc. has a 1 year low of $76.18 and a 1 year high of $115.75. The firm has a 50 day moving average price of $85.49 and a 200 day moving average price of $94.75. The company has a market cap of $3.92 billion, a PE ratio of 36.35 and a beta of 0.84.

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

Exponent Company 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.