KLP Kapitalforvaltning AS Makes New $1.63 Million Investment in Exponent, Inc. (NASDAQ:EXPO)

KLP Kapitalforvaltning AS purchased a new position in Exponent, Inc. (NASDAQ:EXPO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,300 shares of the business services provider’s stock, valued at approximately $1,631,000.

Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in Exponent by 4.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock worth $226,000 after purchasing an additional 111 shares during the last quarter. Heritage Family Offices LLP lifted its stake in shares of Exponent by 3.8% in the fourth quarter. Heritage Family Offices LLP now owns 3,123 shares of the business services provider’s stock worth $278,000 after buying an additional 114 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Exponent by 0.9% during the 4th quarter. Arizona State Retirement System now owns 14,723 shares of the business services provider’s stock worth $1,312,000 after buying an additional 133 shares during the period. Private Trust Co. NA grew its stake in Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after buying an additional 157 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Exponent by 2.4% in the 4th quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider’s stock worth $675,000 after acquiring an additional 180 shares during the period. Institutional investors own 92.37% of the company’s stock.

Exponent Price Performance

EXPO stock opened at $82.23 on Friday. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 38.79 and a beta of 0.77. The company has a 50-day moving average of $86.78 and a two-hundred day moving average of $95.75. Exponent, Inc. has a 52-week low of $77.30 and a 52-week high of $115.75.

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

Insider Buying and Selling at Exponent

In other news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction dated 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 directly owns 1,800 shares of the company’s stock, valued at approximately $154,674. This trade represents a 49.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

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.