Larson Financial Group LLC reduced its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 57.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,016 shares of the electronics maker's stock after selling 231,242 shares during the quarter. Larson Financial Group LLC owned approximately 0.70% of Kimball Electronics worth $3,241,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Barclays PLC boosted its holdings in Kimball Electronics by 96.4% in the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker's stock valued at $1,218,000 after purchasing an additional 32,271 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Kimball Electronics by 289.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker's stock valued at $658,000 after purchasing an additional 26,402 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 buying an additional 556 shares during the period. BNP Paribas Financial Markets grew its position in shares of Kimball Electronics by 271.3% during the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker's stock worth $516,000 after buying an additional 20,385 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Kimball Electronics by 0.7% during the third quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker's stock worth $10,686,000 after buying an additional 4,044 shares in the last quarter. 75.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on KE. StockNews.com upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Lake Street Capital reduced their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $22.75.
Check Out Our Latest Report on Kimball Electronics
Kimball Electronics Stock Down 0.2 %
KE traded down $0.04 on Tuesday, reaching $16.45. The company's stock had a trading volume of 26,249 shares, compared to its average volume of 126,719. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. Kimball Electronics, Inc. has a fifty-two week low of $15.94 and a fifty-two week high of $24.45. The stock has a 50 day moving average of $18.00 and a two-hundred day moving average of $18.36. The company has a market capitalization of $403.93 million, a price-to-earnings ratio of 51.41 and a beta of 1.21.
Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. As a group, analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.
Kimball Electronics Company Profile
(
Free Report)
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.
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