AQR Capital Management LLC boosted its holdings in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 66.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,844 shares of the electronics maker's stock after purchasing an additional 93,831 shares during the period. AQR Capital Management LLC owned about 0.95% of Kimball Electronics worth $5,184,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Kimball Electronics by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,055 shares of the electronics maker's stock worth $651,000 after purchasing an additional 889 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Kimball Electronics by 4.6% in the second quarter. Gabelli Funds LLC now owns 32,544 shares of the electronics maker's stock valued at $715,000 after buying an additional 1,428 shares during the period. Principal Financial Group Inc. raised its stake in shares of Kimball Electronics by 10.3% in the second quarter. Principal Financial Group Inc. now owns 18,531 shares of the electronics maker's stock valued at $407,000 after buying an additional 1,728 shares during the period. Linden Thomas Advisory Services LLC lifted its position in shares of Kimball Electronics by 9.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,913 shares of the electronics maker's stock valued at $460,000 after buying an additional 1,839 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Kimball Electronics by 7.4% during the 1st quarter. Janus Henderson Group PLC now owns 38,235 shares of the electronics maker's stock worth $828,000 after acquiring an additional 2,650 shares during the period. Institutional investors own 75.99% of the company's stock.
Kimball Electronics Price Performance
NASDAQ KE traded up $0.18 on Friday, hitting $17.51. The stock had a trading volume of 113,371 shares, compared to its average volume of 116,852. The firm has a 50-day moving average of $18.79 and a 200-day moving average of $20.83. The company has a market capitalization of $435.46 million, a price-to-earnings ratio of 13.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. Kimball Electronics, Inc. has a 52-week low of $17.09 and a 52-week high of $28.33.
Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). The business had revenue of $430.16 million for the quarter, compared to the consensus estimate of $429.00 million. Kimball Electronics had a net margin of 1.20% and a return on equity of 6.65%. During the same period in the prior year, the business posted $0.76 EPS. Equities analysts expect that Kimball Electronics, Inc. will post 1.17 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. EF Hutton Acquisition Co. I downgraded shares of Kimball Electronics from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 14th. Sidoti downgraded shares of Kimball Electronics from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a report on Thursday, August 15th. Cantor Fitzgerald reduced their price objective on shares of Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, August 16th. B. Riley dropped their target price on Kimball Electronics from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. Finally, Lake Street Capital reduced their price target on Kimball Electronics from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Kimball Electronics has a consensus rating of "Moderate Buy" and a consensus target price of $23.25.
Read Our Latest Report on Kimball Electronics
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, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.
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