Bank of America Corp DE Has $18.92 Million Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Bank of America Corp DE lowered its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 11.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,010,341 shares of the electronics maker’s stock after selling 125,580 shares during the quarter. Bank of America Corp DE owned about 4.09% of Kimball Electronics worth $18,924,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in Kimball Electronics by 239.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after purchasing an additional 141,411 shares during the period. 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 valued at $36,440,000 after buying an additional 92,166 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Kimball Electronics by 142.1% during the 4th quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker’s stock worth $2,120,000 after acquiring an additional 66,444 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Kimball Electronics during the 4th quarter worth approximately $1,147,000. Finally, Martingale Asset Management L P bought a new position in Kimball Electronics in the fourth quarter valued at approximately $1,088,000. Institutional investors own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KE has been the subject of several recent analyst reports. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Friday. Lake Street Capital lowered their price target 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.75.

Kimball Electronics Stock Down 0.2%

Shares of NASDAQ:KE opened at $17.58 on Tuesday. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45. The company has a market capitalization of $428.60 million, a PE ratio of 54.94 and a beta of 1.11. 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 company has a fifty day moving average of $15.52 and a 200-day moving average of $17.50.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The firm had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. On average, equities analysts predict that Kimball Electronics, Inc. will post 0.89 EPS 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.