Barclays PLC Boosts Position in Kimball Electronics, Inc. (NASDAQ:KE)

Barclays PLC boosted its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,997 shares of the electronics maker’s stock after buying an additional 4,248 shares during the period. Barclays PLC owned approximately 0.28% of Kimball Electronics worth $1,312,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its stake in Kimball Electronics by 239.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock valued at $3,753,000 after buying an additional 141,411 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kimball Electronics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock worth $36,440,000 after buying an additional 92,166 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Kimball Electronics by 142.1% during the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Kimball Electronics during the fourth quarter worth about $1,147,000. Finally, Martingale Asset Management L P purchased a new position in Kimball Electronics during the fourth quarter worth $1,088,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

Shares of KE stock opened at $14.92 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The company has a market cap of $366.36 million, a P/E ratio of 46.63 and a beta of 1.18. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $24.45. The business has a 50 day moving average of $15.38 and a two-hundred day moving average of $17.54.

Kimball Electronics (NASDAQ:KE) last announced its earnings results 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%. As a group, analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Lake Street Capital lowered their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Kimball Electronics presently 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.