2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. trimmed its position in shares of Kimball Electronics, Inc. ( NASDAQ:KE – Free Report ) by 9.
4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 233,341 shares of the electronics maker’s stock after selling 24,165 shares during the quarter.
Envestnet Asset Management Inc.’s holdings in Kimball Electronics were worth $4,370,000 at the end of the most recent reporting period. Other hedge funds also recently bought and sold shares of the company.
Arrowstreet Capital Limited Partnership grew its position in Kimball Electronics by 239.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after acquiring an additional 141,411 shares during the last quarter.
Vanguard Group Inc. grew its holdings in shares of 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.
increased its stake in shares of Kimball Electronics by 142.1% in the fourth quarter. JPMorgan Chase & Co.
now owns 113,208 shares of the electronics maker’s stock worth $2,120,000 after buying an additional 66,444 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Kimball Electronics during the 4th quarter valued at $1,147,000.
Finally, American Century Companies Inc. boosted its position in Kimball Electronics by 13.0% during the 4th quarter.
American Century Companies Inc. now owns 489,896 shares of the electronics maker’s stock valued at $9,176,000 after buying an additional 56,175 shares during the period. Institutional investors own 75.
99% of the company’s stock. Analyst Ratings Changes Several equities analysts have recently commented on the stock. Lake Street Capital lowered their price objective on shares of Kimball Electronics from $23.
00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. StockNews.
com raised 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 assigned a buy rating to the stock. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.75. Kimball Electronics Stock Up 2.
2 % Shares of NASDAQ KE opened at $13.83 on Thursday. The firm has a fifty day simple moving average of $15.
85 and a two-hundred day simple moving average of $17.69. The firm has a market capitalization of $339.
60 million, a PE ratio of 43.22 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. 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 quarterly earnings data on Tuesday, February 4th.
The electronics maker reported $0.29 earnings per share for the quarter, beating 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 analysts expect that Kimball Electronics, Inc. will post 0.
89 earnings per share for the current 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.
Further Reading Want to see what other hedge funds are holding KE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimball Electronics, Inc. ( NASDAQ:KE – Free Report ).
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