Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Exponent, Inc. (NASDAQ:EXPO)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 7.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 265,694 shares of the business services provider’s stock after purchasing an additional 19,462 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.52% of Exponent worth $24,795,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Inspire Investing LLC boosted its stake in shares of Exponent by 23.8% during the second quarter. Inspire Investing LLC now owns 3,360 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 646 shares during the period. Intellectus Partners LLC boosted its stake in shares of Exponent by 15.1% during the first quarter. Intellectus Partners LLC now owns 2,330 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 305 shares during the period. EA Series Trust purchased a new stake in shares of Exponent during the second quarter valued at $461,000. Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Exponent by 9.5% during the second quarter. Mitchell & Pahl Private Wealth LLC now owns 3,798 shares of the business services provider’s stock valued at $354,000 after purchasing an additional 329 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Exponent by 1.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 261,560 shares of the business services provider’s stock valued at $26,075,000 after purchasing an additional 2,610 shares during the period. 89.31% of the stock is owned by hedge funds and other institutional investors.

Exponent Price Performance

NASDAQ:EXPO opened at $77.96 on Tuesday. The firm has a market cap of $3.95 billion, a PE ratio of 39.37 and a beta of 0.63. The company has a 50-day moving average of $83.21 and a 200 day moving average of $88.82. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $112.75.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, October 26th. The business services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $133.34 million during the quarter, compared to the consensus estimate of $126.39 million. Exponent had a return on equity of 29.69% and a net margin of 18.83%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Sell-side analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.04 annualized dividend and a yield of 1.33%. Exponent’s dividend payout ratio (DPR) is presently 52.53%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EXPO shares. Truist Financial lowered their price objective on shares of Exponent from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, July 31st. StockNews.com started coverage on shares of Exponent in a research note on Thursday, October 5th. They issued a “hold” rating for the company.

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.