Cibc World Markets Corp Acquires New Holdings in Exponent, Inc. (NASDAQ:EXPO)

Cibc World Markets Corp acquired a new stake in shares of Exponent, Inc. (NASDAQ:EXPO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,730 shares of the business services provider’s stock, valued at approximately $421,000.

A number of other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in Exponent by 0.7% during the third quarter. State Street Corp now owns 1,840,313 shares of the business services provider’s stock valued at $212,151,000 after purchasing an additional 13,644 shares during the period. Geode Capital Management LLC grew its holdings in Exponent by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,505,652 shares of the business services provider’s stock valued at $173,597,000 after purchasing an additional 69,099 shares during the period. JPMorgan Chase & Co. grew its holdings in Exponent by 63.6% during the third quarter. JPMorgan Chase & Co. now owns 630,644 shares of the business services provider’s stock valued at $72,701,000 after purchasing an additional 245,086 shares during the period. Raymond James Financial Inc. acquired a new position in Exponent during the fourth quarter valued at approximately $55,131,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Exponent by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 525,378 shares of the business services provider’s stock valued at $46,811,000 after purchasing an additional 7,766 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity

In related news, VP Richard Reiss sold 1,736 shares of the stock in a transaction 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 transaction, the vice president now owns 1,800 shares in the company, valued at approximately $154,674. This represents a 49.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Exponent Stock Down 1.6 %

Exponent stock opened at $78.90 on Monday. The stock has a market capitalization of $4.01 billion, a PE ratio of 37.22 and a beta of 0.77. Exponent, Inc. has a twelve month low of $77.30 and a twelve month high of $115.75. The company has a 50 day moving average of $87.84 and a 200-day moving average of $96.44.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $0.41 earnings per share. Equities analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

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.