Vanguard Group Inc. Has $33 Million Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Vanguard Group Inc. raised its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 1.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,205,259 shares of the electronics maker’s stock after purchasing an additional 12,776 shares during the quarter. Vanguard Group Inc.’s holdings in Kimball Electronics were worth $33,000,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS Group AG raised its position in Kimball Electronics by 82.3% in the 3rd 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 last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Kimball Electronics by 38.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,995 shares of the electronics maker’s stock valued at $51,000 after buying an additional 831 shares during the period. Advisor Group Holdings Inc. raised its position in shares of 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 acquiring an additional 606 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Kimball Electronics by 22.6% during the fourth quarter. Citigroup Inc. now owns 3,079 shares of the electronics maker’s stock valued at $70,000 after acquiring an additional 568 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Kimball Electronics by 114.4% in the third quarter. Tower Research Capital LLC TRC now owns 4,251 shares of the electronics maker’s stock valued at $73,000 after acquiring an additional 2,268 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Up 0.5 %

NASDAQ:KE opened at $20.99 on Friday. Kimball Electronics, Inc. has a 12-month low of $19.52 and a 12-month high of $31.43. The stock’s fifty day simple moving average is $21.44 and its 200-day simple moving average is $24.15. The company has a quick ratio of 1.00, a current ratio of 1.97 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $522.02 million, a P/E ratio of 9.67 and a beta of 1.31.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.04). The firm had revenue of $421.24 million during the quarter, compared to analyst estimates of $435.60 million. Kimball Electronics had a return on equity of 10.37% and a net margin of 2.97%. Equities research analysts expect that Kimball Electronics, Inc. will post 1.6 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on KE shares. B. Riley dropped their price objective on Kimball Electronics from $39.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Cantor Fitzgerald dropped their price target on shares of Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, February 7th.

Kimball Electronics Profile

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.