Deutsche Bank AG Sells 3,388 Shares of Kimball Electronics, Inc. $KE

Deutsche Bank AG lowered its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 20.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,982 shares of the electronics maker’s stock after selling 3,388 shares during the period. Deutsche Bank AG owned 0.05% of Kimball Electronics worth $214,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in KE. Envestnet Asset Management Inc. raised its stake in shares of Kimball Electronics by 45.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock worth $5,580,000 after purchasing an additional 105,889 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kimball Electronics by 34.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker’s stock worth $4,946,000 after purchasing an additional 77,272 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kimball Electronics during the 4th quarter worth approximately $1,135,000. Lazard Asset Management LLC bought a new stake in shares of Kimball Electronics during the 4th quarter worth approximately $985,000. Finally, Northern Trust Corp raised its stake in Kimball Electronics by 17.9% in the 4th quarter. Northern Trust Corp now owns 286,411 shares of the electronics maker’s stock valued at $5,364,000 after acquiring an additional 43,403 shares during the period. Institutional investors own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

KE has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Wall Street Zen cut Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 24th. Lake Street Capital increased their price target on Kimball Electronics from $21.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Finally, Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $28.00.

Kimball Electronics Stock Performance

Shares of NASDAQ KE opened at $28.87 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.24. The stock’s fifty day moving average price is $21.44 and its two-hundred day moving average price is $18.32. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $29.11. The firm has a market cap of $703.85 million, a price-to-earnings ratio of 43.09 and a beta of 1.22.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Kimball Electronics had a return on equity of 5.11% and a net margin of 1.14%.The firm had revenue of $380.47 million for the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

About Kimball Electronics

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.