Geode Capital Management LLC Boosts Holdings in Exponent, Inc. (NASDAQ:EXPO)

Geode Capital Management LLC grew its position in Exponent, Inc. (NASDAQ:EXPO) by 4.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,505,652 shares of the business services provider’s stock after purchasing an additional 69,099 shares during the period. Geode Capital Management LLC’s holdings in Exponent were worth $173,597,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Exponent in the 2nd quarter worth $25,000. Whittier Trust Co. of Nevada Inc. raised its stake in Exponent by 166.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after buying an additional 323 shares during the last quarter. USA Financial Formulas acquired a new stake in Exponent in the third quarter worth about $60,000. GAMMA Investing LLC grew its stake in shares of Exponent by 64.6% during the third quarter. GAMMA Investing LLC now owns 624 shares of the business services provider’s stock worth $72,000 after acquiring an additional 245 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Exponent by 70.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 361 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Exponent

In related news, Director Paul R. Johnston sold 14,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $104.60, for a total value of $1,464,400.00. Following the completion of the transaction, the director now owns 80,742 shares in the company, valued at $8,445,613.20. This trade represents a 14.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carol Lindstrom sold 1,039 shares of Exponent stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $96.32, for a total value of $100,076.48. Following the sale, the director now directly owns 5,871 shares of the company’s stock, valued at approximately $565,494.72. This represents a 15.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,339 shares of company stock worth $3,103,065. Company insiders own 2.10% of the company’s stock.

Exponent Stock Down 1.7 %

Shares of Exponent stock opened at $93.16 on Monday. The company has a 50 day moving average price of $101.86 and a 200 day moving average price of $102.38. The firm has a market capitalization of $4.73 billion, a P/E ratio of 45.00 and a beta of 0.70. Exponent, Inc. has a 52 week low of $68.70 and a 52 week high of $115.75.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.20%. Exponent’s dividend payout ratio is currently 54.11%.

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.