Orion Portfolio Solutions LLC Sells 3,525 Shares of Exponent, Inc. (NASDAQ:EXPO)

Orion Portfolio Solutions LLC cut its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 30.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,932 shares of the business services provider’s stock after selling 3,525 shares during the period. Orion Portfolio Solutions LLC’s holdings in Exponent were worth $707,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EXPO. Westside Investment Management Inc. purchased a new stake in Exponent in the 3rd quarter valued at about $26,000. Private Trust Co. NA boosted its position in Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Exponent in the 4th quarter valued at about $25,000. Tortoise Investment Management LLC boosted its stake in Exponent by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 191 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new position in Exponent during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Stock Performance

Shares of EXPO stock opened at $77.06 on Monday. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 36.35 and a beta of 0.84. The stock’s 50-day simple moving average is $85.49 and its 200-day simple moving average is $94.66. Exponent, Inc. has a fifty-two week low of $76.18 and a fifty-two week high of $115.75.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $0.41 EPS. As a group, equities analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

Insiders Place Their Bets

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

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.