Norges Bank Buys New Position in Exponent, Inc. (NASDAQ:EXPO)

Norges Bank purchased a new position in shares of Exponent, Inc. (NASDAQ:EXPO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 587,887 shares of the business services provider’s stock, valued at approximately $52,381,000. Norges Bank owned approximately 1.16% of Exponent at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EXPO. Private Trust Co. NA raised its holdings in Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after purchasing an additional 157 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Exponent in the 4th quarter worth $25,000. Westside Investment Management Inc. bought a new stake in shares of Exponent in the 3rd quarter worth $26,000. Tortoise Investment Management LLC lifted its holdings in shares of Exponent by 76.7% in the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock valued at $39,000 after buying an additional 191 shares during the period. Finally, Trust Co. of Vermont bought a new position in Exponent during the fourth quarter valued at about $45,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Trading Down 1.9 %

Shares of Exponent stock opened at $77.06 on Friday. Exponent, Inc. has a 52 week low of $76.18 and a 52 week high of $115.75. The stock has a market cap of $3.92 billion, a PE ratio of 36.35 and a beta of 0.77. The company’s 50-day moving average price is $85.49 and its two-hundred day moving average price is $94.85.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company posted $0.41 EPS. On average, equities analysts predict that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Insider Buying and Selling at Exponent

In related news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the transaction, the vice president now directly 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 legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by corporate insiders.

About Exponent

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.