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

Pier Capital LLC boosted its holdings in Exponent, Inc. (NASDAQ:EXPO) by 7.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 82,603 shares of the business services provider’s stock after buying an additional 5,984 shares during the period. Pier Capital LLC’s holdings in Exponent were worth $7,360,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Private Trust Co. NA increased its position 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 acquiring an additional 157 shares during the period. Atala Financial Inc bought a new stake in shares of Exponent in the fourth quarter worth $25,000. Westside Investment Management Inc. acquired a new stake in Exponent in the third quarter valued at $26,000. Tortoise Investment Management LLC raised 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 last quarter. Finally, Trust Co. of Vermont bought a new position in Exponent during the 4th quarter worth $45,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Exponent Trading Up 1.6 %

NASDAQ EXPO opened at $80.19 on Tuesday. The firm has a market capitalization of $4.08 billion, a PE ratio of 37.83 and a beta of 0.77. The business’s 50-day moving average price is $87.63 and its two-hundred day moving average price is $96.27. Exponent, Inc. has a 12 month low of $77.30 and a 12 month high of $115.75.

Exponent (NASDAQ:EXPO) last announced 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 return on equity of 27.27% and a net margin of 19.52%. During the same period in the previous year, the firm earned $0.41 EPS. As a group, analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Insider Activity

In other Exponent news, VP Richard Reiss sold 1,736 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the sale, the vice president now owns 1,800 shares of the company’s stock, valued at approximately $154,674. This represents a 49.10 % 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. Insiders own 2.10% of the company’s stock.

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.