Vanguard Group Inc. Has $36.44 Million Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Vanguard Group Inc. grew its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,945,556 shares of the electronics maker's stock after purchasing an additional 92,166 shares during the quarter. Vanguard Group Inc. owned about 7.88% of Kimball Electronics worth $36,440,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Kimball Electronics in the 4th quarter valued at $82,000. SG Americas Securities LLC boosted its position in shares of Kimball Electronics by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after acquiring an additional 2,528 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Kimball Electronics during the third quarter worth about $220,000. AlphaQuest LLC raised its stake in Kimball Electronics by 358.2% in the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock worth $285,000 after purchasing an additional 11,901 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Kimball Electronics in the 4th quarter valued at about $397,000. Institutional investors own 75.99% of the company's stock.

Kimball Electronics Price Performance

KE traded down $0.14 during trading on Tuesday, hitting $13.42. 116,562 shares of the stock traded hands, compared to its average volume of 120,621. The business has a 50 day moving average price of $16.35 and a 200 day moving average price of $17.90. The company has a market cap of $329.53 million, a price-to-earnings ratio of 41.94 and a beta of 1.18. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve 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.

Remove Ads

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Equities research analysts forecast that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KE shares. Lake Street Capital dropped their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.75.

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.