Kimball Electronics, Inc. (NASDAQ:KE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 223,422 shares of the electronics maker's stock after selling 16,245 shares during the period. Charles Schwab Investment Management Inc. owned about 0.91% of Kimball Electronics worth $4,185,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Kimball Electronics by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker's stock valued at $10,686,000 after buying an additional 4,044 shares in the last quarter. State Street Corp grew its holdings in shares of Kimball Electronics by 1.4% in the third quarter. State Street Corp now owns 565,069 shares of the electronics maker's stock valued at $10,459,000 after purchasing an additional 7,864 shares during the period. Grace & White Inc. NY boosted its holdings in Kimball Electronics by 5.5% in the 4th quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker's stock valued at $5,074,000 after purchasing an additional 14,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker's stock valued at $1,768,000 after purchasing an additional 556 shares during the last quarter. Finally, Cardinal Capital Management grew its stake in shares of Kimball Electronics by 2.7% in the 4th quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker's stock valued at $1,728,000 after buying an additional 2,459 shares during the period. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Lake Street Capital reduced their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Stock Down 1.8 %

Shares of KE stock traded down $0.31 during trading hours on Friday, reaching $16.55. 79,162 shares of the stock were exchanged, compared to its average volume of 117,121. The business's fifty day moving average is $17.51 and its two-hundred day moving average is $18.25. The firm has a market capitalization of $406.39 million, a P/E ratio of 51.72 and a beta of 1.21. Kimball Electronics, Inc. has a 12-month low of $15.94 and a 12-month high of $24.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. As a group, research analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.