Corebridge Financial Inc. Lowers Stake in Exponent, Inc. (NASDAQ:EXPO)

Corebridge Financial Inc. trimmed its position in Exponent, Inc. (NASDAQ:EXPO) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,219 shares of the business services provider’s stock after selling 4,424 shares during the quarter. Corebridge Financial Inc. owned 0.16% of Exponent worth $7,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EXPO. Private Trust Co. NA raised its holdings in Exponent by 129.8% in the fourth 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 purchased a new position in shares of Exponent in the 4th quarter valued at $25,000. Westside Investment Management Inc. acquired a new position in shares of Exponent during the 3rd quarter valued at $26,000. Tortoise Investment Management LLC boosted its position in 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 purchasing an additional 191 shares during the period. Finally, Trust Co. of Vermont acquired a new stake in Exponent in the 4th quarter valued at $45,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Price Performance

Shares of EXPO opened at $82.23 on Friday. Exponent, Inc. has a 12 month low of $77.30 and a 12 month high of $115.75. The stock’s 50-day moving average is $86.78 and its two-hundred day moving average is $95.75. The stock has a market cap of $4.18 billion, a PE ratio of 38.79 and a beta of 0.77.

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, topping analysts’ consensus estimates 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 in the previous year, the firm posted $0.41 earnings per share. On average, research analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Insider Activity

In other Exponent news, VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 1,800 shares in the company, valued at $154,674. The trade was a 49.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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.