Pier Capital LLC Buys 5,984 Shares of Exponent, Inc. (NASDAQ:EXPO)

Pier Capital LLC grew its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 82,603 shares of the business services provider’s stock after acquiring an additional 5,984 shares during the quarter. Pier Capital LLC owned about 0.16% of Exponent worth $7,360,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Westside Investment Management Inc. acquired a new position in Exponent in the third quarter valued at about $26,000. Private Trust Co. NA increased its holdings 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 period. Atala Financial Inc acquired a new position in shares of Exponent in the 4th quarter valued at approximately $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Exponent by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock worth $39,000 after acquiring an additional 191 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in shares of Exponent during the 4th quarter worth approximately $45,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exponent

In related news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the transaction, the vice president now owns 1,800 shares of the company’s stock, valued at $154,674. This represents a 49.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% of the company’s stock.

Exponent Price Performance

Shares of NASDAQ:EXPO opened at $80.19 on Tuesday. Exponent, Inc. has a 1 year low of $77.30 and a 1 year high of $115.75. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 37.83 and a beta of 0.77. The company’s 50 day simple moving average is $87.63 and its 200 day simple moving average is $96.27.

Exponent (NASDAQ:EXPO) last issued its quarterly 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 last year, the business posted $0.41 EPS. As a group, analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

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.