Campbell & CO Investment Adviser LLC Purchases New Holdings in Kimball Electronics, Inc. $KE

Campbell & CO Investment Adviser LLC purchased a new stake in Kimball Electronics, Inc. (NASDAQ:KE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,178 shares of the electronics maker’s stock, valued at approximately $543,000. Campbell & CO Investment Adviser LLC owned approximately 0.07% of Kimball Electronics as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of Kimball Electronics by 5.8% in the first quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker’s stock valued at $480,000 after buying an additional 1,588 shares in the last quarter. AQR Capital Management LLC lifted its stake in Kimball Electronics by 24.0% in the first quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker’s stock valued at $4,273,000 after acquiring an additional 50,245 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kimball Electronics by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after acquiring an additional 624 shares during the period. Empowered Funds LLC increased its stake in shares of Kimball Electronics by 8.3% during the 1st quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker’s stock worth $1,458,000 after purchasing an additional 6,803 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Kimball Electronics during the 1st quarter worth about $411,000. Institutional investors own 75.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on KE. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Wall Street Zen upgraded Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 1st. B. Riley reissued a “buy” rating on shares of Kimball Electronics in a report on Thursday, October 9th. Lake Street Capital reaffirmed a “buy” rating and set a $32.00 price target on shares of Kimball Electronics in a report on Friday, November 7th. Finally, Zacks Research cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

Kimball Electronics Trading Up 3.0%

Shares of Kimball Electronics stock opened at $31.12 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.34 and a current ratio of 2.21. The firm has a 50-day moving average of $29.04 and a 200-day moving average of $27.24. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $33.19. The stock has a market cap of $757.46 million, a PE ratio of 32.76, a PEG ratio of 1.11 and a beta of 1.15.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, November 5th. The electronics maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.25. Kimball Electronics had a net margin of 1.62% and a return on equity of 6.28%. The business had revenue of $365.60 million for the quarter, compared to analyst estimates of $338.43 million. As a group, sell-side analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.