Fenimore Asset Management Inc Reduces Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Fenimore Asset Management Inc reduced its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 0.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 189,900 shares of the business services provider’s stock after selling 1,053 shares during the quarter. Fenimore Asset Management Inc’s holdings in Exponent were worth $16,920,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in shares of Exponent during the third quarter valued at about $26,000. Quarry LP purchased a new stake in Exponent during the 2nd quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in Exponent during the 4th quarter valued at approximately $45,000. USA Financial Formulas purchased a new position in shares of Exponent in the third quarter worth $60,000. Finally, Anchor Investment Management LLC purchased a new position in shares of Exponent in the third quarter worth $64,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Exponent Price Performance

Shares of EXPO opened at $92.09 on Friday. The company’s fifty day moving average price is $93.10 and its 200-day moving average price is $101.38. Exponent, Inc. has a 1-year low of $68.70 and a 1-year high of $115.75. The firm has a market capitalization of $4.67 billion, a PE ratio of 44.49 and a beta of 0.71.

Insiders Place Their Bets

In related news, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $96.32, for a total value of $100,076.48. Following the transaction, the director now owns 5,871 shares in the company, valued at approximately $565,494.72. This represents a 15.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul R. Johnston sold 14,000 shares of Exponent stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the sale, the director now owns 80,742 shares of the company’s stock, valued at approximately $8,445,613.20. The trade was a 14.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,339 shares of company stock valued at $3,103,065. 2.10% of the stock is owned by company insiders.

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.