Arrowstreet Capital Limited Partnership lifted its holdings in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 239.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 200,362 shares of the electronics maker's stock after purchasing an additional 141,411 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.81% of Kimball Electronics worth $3,753,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Kimball Electronics by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock worth $36,440,000 after purchasing an additional 92,166 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Kimball Electronics by 142.1% in the fourth quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker's stock valued at $2,120,000 after buying an additional 66,444 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Kimball Electronics by 13.0% during the fourth quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker's stock worth $9,176,000 after acquiring an additional 56,175 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Kimball Electronics by 14.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker's stock valued at $6,692,000 after acquiring an additional 44,840 shares in the last quarter. Finally, Barclays PLC boosted its stake in Kimball Electronics by 96.4% in the 3rd quarter. Barclays PLC now owns 65,749 shares of the electronics maker's stock worth $1,218,000 after purchasing an additional 32,271 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Lake Street Capital decreased their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, February 6th. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.75.
View Our Latest Stock Analysis on Kimball Electronics
Kimball Electronics Stock Performance
Kimball Electronics stock traded up $0.05 during mid-day trading on Monday, hitting $13.59. The company had a trading volume of 5,927 shares, compared to its average volume of 136,919. The company has a market capitalization of $333.70 million, a price-to-earnings ratio of 42.47 and a beta of 1.18. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The company's fifty day moving average is $16.44 and its 200-day moving average is $17.94. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $24.45.
Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.
About Kimball Electronics
(
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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