Kimball Electronics, Inc. (NASDAQ:KE) Stake Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 71.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,290 shares of the electronics maker’s stock after buying an additional 15,976 shares during the period. Russell Investments Group Ltd. owned 0.15% of Kimball Electronics worth $923,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dorsey Wright & Associates bought a new position in Kimball Electronics during the fourth quarter worth about $27,000. UBS Group AG lifted its stake in Kimball Electronics by 82.3% during the third quarter. UBS Group AG now owns 1,929 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 871 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Kimball Electronics by 38.4% during the third quarter. Public Employees Retirement System of Ohio now owns 2,995 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 831 shares during the period. Advisor Group Holdings Inc. lifted its stake in Kimball Electronics by 24.9% during the first quarter. Advisor Group Holdings Inc. now owns 3,042 shares of the electronics maker’s stock worth $62,000 after purchasing an additional 606 shares during the period. Finally, Citigroup Inc. lifted its stake in Kimball Electronics by 22.6% during the fourth quarter. Citigroup Inc. now owns 3,079 shares of the electronics maker’s stock worth $70,000 after purchasing an additional 568 shares during the period. 70.56% of the stock is currently owned by institutional investors.

Kimball Electronics Price Performance

KE opened at $30.19 on Friday. The company has a fifty day moving average price of $28.52 and a two-hundred day moving average price of $25.37. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.01 and a current ratio of 1.96. Kimball Electronics, Inc. has a 52 week low of $17.10 and a 52 week high of $30.54. The firm has a market capitalization of $746.30 million, a PE ratio of 13.60 and a beta of 1.36.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Thursday, August 17th. The electronics maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. Kimball Electronics had a net margin of 3.06% and a return on equity of 11.39%. The firm had revenue of $496.14 million during the quarter. During the same period in the prior year, the firm posted $0.40 EPS. As a group, analysts anticipate that Kimball Electronics, Inc. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

KE has been the subject of a number of research analyst reports. Cantor Fitzgerald lifted their target price on shares of Kimball Electronics from $34.00 to $36.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. StockNews.com initiated coverage on shares of Kimball Electronics in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Lake Street Capital lifted their target price on shares of Kimball Electronics from $32.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, August 18th.

Kimball Electronics Company Profile

Kimball Electronics, Inc provides contract electronics manufacturing services and diversified manufacturing services to customers in the automotive, medical, industrial, and public safety end markets. The company's manufacturing services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.