Allspring Global Investments Holdings LLC Buys 470,376 Shares of Knowles Co. (NYSE:KN)

Allspring Global Investments Holdings LLC increased its position in Knowles Co. (NYSE:KN) by 220.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 684,057 shares of the communications equipment provider’s stock after acquiring an additional 470,376 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Knowles were worth $12,251,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KN. Vanguard Group Inc. raised its position in Knowles by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 11,991,982 shares of the communications equipment provider’s stock worth $177,601,000 after buying an additional 419,939 shares during the last quarter. State Street Corp lifted its position in Knowles by 3.1% during the first quarter. State Street Corp now owns 3,559,635 shares of the communications equipment provider’s stock valued at $60,514,000 after purchasing an additional 108,548 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Knowles by 10.6% in the first quarter. Thrivent Financial for Lutherans now owns 3,256,761 shares of the communications equipment provider’s stock worth $55,365,000 after purchasing an additional 312,758 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Knowles by 36.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,589,853 shares of the communications equipment provider’s stock worth $42,526,000 after purchasing an additional 698,139 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Knowles by 123.1% during the 1st quarter. JPMorgan Chase & Co. now owns 2,580,084 shares of the communications equipment provider’s stock valued at $43,861,000 after buying an additional 1,423,766 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

Knowles Trading Down 1.5 %

Shares of Knowles stock opened at $15.58 on Tuesday. Knowles Co. has a 1-year low of $12.78 and a 1-year high of $18.48. The company’s fifty day simple moving average is $16.05 and its 200-day simple moving average is $15.99. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.61 and a quick ratio of 1.41. The stock has a market capitalization of $1.40 billion, a PE ratio of 19.72 and a beta of 1.49.

Knowles (NYSE:KN) last released its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $215.20 million for the quarter. Knowles had a return on equity of 5.28% and a net margin of 10.23%.

Insider Activity at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 10,300 shares of Knowles stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $16.90, for a total transaction of $174,070.00. Following the transaction, the senior vice president now owns 94,870 shares of the company’s stock, valued at $1,603,303. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. TheStreet raised Knowles from a “d+” rating to a “c-” rating in a report on Tuesday, January 2nd. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Friday, February 16th.

Knowles Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).