Legal & General Group Plc Acquires 6,532 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Legal & General Group Plc lifted its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,903 shares of the electronics maker’s stock after acquiring an additional 6,532 shares during the quarter. Legal & General Group Plc owned approximately 0.11% of Kimball Electronics worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KE. Arrowstreet Capital Limited Partnership grew its stake in shares of Kimball Electronics by 239.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after buying an additional 141,411 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Kimball Electronics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock valued at $36,440,000 after acquiring an additional 92,166 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Kimball Electronics by 142.1% in the 4th quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker’s stock worth $2,120,000 after purchasing an additional 66,444 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Kimball Electronics during the 4th quarter valued at about $1,147,000. Finally, American Century Companies Inc. increased its stake 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 purchasing an additional 56,175 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Up 0.9 %

KE opened at $14.83 on Wednesday. The firm’s 50 day simple moving average is $15.61 and its two-hundred day simple moving average is $17.61. The company has a market capitalization of $364.15 million, a PE ratio of 46.35 and a beta of 1.18. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $24.45. 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 (NASDAQ:KE) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. As a group, equities analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KE shares. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Lake Street Capital reduced their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.