Ontario Teachers Pension Plan Board Sells 28,677 Shares of Exponent, Inc. (NASDAQ:EXPO)

Ontario Teachers Pension Plan Board reduced its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 62.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,321 shares of the business services provider’s stock after selling 28,677 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Exponent were worth $1,997,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Exponent during the second quarter worth $25,000. GAMMA Investing LLC increased its holdings in Exponent by 67.7% in the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 153 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings 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 purchasing an additional 323 shares during the period. USA Financial Formulas acquired a new stake in Exponent in the third quarter valued at $60,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Exponent by 70.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 361 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Truist Financial restated a “buy” rating and issued a $120.00 price objective (up from $100.00) on shares of Exponent in a report on Friday, July 26th.

Exponent Trading Down 1.2 %

Shares of EXPO opened at $94.87 on Wednesday. The stock has a market capitalization of $4.82 billion, a P/E ratio of 45.83 and a beta of 0.69. The firm’s fifty day simple moving average is $106.88 and its two-hundred day simple moving average is $102.14. Exponent, Inc. has a 12 month low of $68.70 and a 12 month high of $115.75.

Exponent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. Exponent’s dividend payout ratio (DPR) is currently 54.11%.

Insider Buying and Selling at Exponent

In other Exponent news, Director Carol Lindstrom sold 1,039 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $96.32, for a total transaction of $100,076.48. Following the sale, the director now owns 5,871 shares of the company’s stock, valued at approximately $565,494.72. This represents a 15.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul R. Johnston sold 14,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the sale, the director now directly owns 80,742 shares in the company, valued at $8,445,613.20. This trade represents a 14.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,039 shares of company stock valued at $2,979,526. 2.10% of the stock is currently owned by insiders.

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.