First Trust Advisors LP Decreases Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

First Trust Advisors LP reduced its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,895 shares of the electronics maker’s stock after selling 9,433 shares during the period. First Trust Advisors LP owned 0.32% of Kimball Electronics worth $1,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KE. 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 worth $3,753,000 after buying an additional 141,411 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Kimball Electronics by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock worth $36,440,000 after acquiring an additional 92,166 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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 valued at $2,120,000 after purchasing an additional 66,444 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Kimball Electronics during the fourth quarter valued at approximately $1,147,000. Finally, Martingale Asset Management L P purchased a new stake in Kimball Electronics in the fourth quarter worth $1,088,000. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Analyst Upgrades and Downgrades

KE has been the topic of a number of research reports. Lake Street Capital dropped their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Kimball Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Stock Up 0.3 %

NASDAQ:KE opened at $14.71 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The firm has a market cap of $361.20 million, a P/E ratio of 45.97 and a beta of 1.11. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $24.45. The firm has a 50-day simple moving average of $15.24 and a two-hundred day simple moving average of $17.48.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The company had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. Analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

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, 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.