Barings LLC Maintains Stake in Kimball Electronics, Inc. (KE)
Barings LLC maintained its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196,229 shares of the electronics maker’s stock at the end of the 2nd quarter. Barings LLC owned approximately 0.72% of Kimball Electronics worth $3,326,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. BKD Wealth Advisors LLC purchased a new stake in Kimball Electronics during the 2nd quarter valued at $7,324,000. LSV Asset Management boosted its stake in Kimball Electronics by 280.4% during the 2nd quarter. LSV Asset Management now owns 491,983 shares of the electronics maker’s stock valued at $8,880,000 after purchasing an additional 362,655 shares during the last quarter. AJO LP purchased a new stake in Kimball Electronics during the 2nd quarter valued at $3,879,000. Renaissance Technologies LLC boosted its stake in Kimball Electronics by 44.0% during the 1st quarter. Renaissance Technologies LLC now owns 350,575 shares of the electronics maker’s stock valued at $5,942,000 after purchasing an additional 107,200 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Kimball Electronics by 37.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 257,116 shares of the electronics maker’s stock valued at $4,641,000 after purchasing an additional 70,182 shares during the last quarter. Institutional investors own 56.86% of the company’s stock.
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Several equities analysts have recently weighed in on the company. BidaskClub cut Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. ValuEngine cut Kimball Electronics from a “buy” rating to a “hold” rating in a report on Monday.
Kimball Electronics, Inc. (NASDAQ:KE) traded up 0.46% during trading on Thursday, hitting $21.65. The stock had a trading volume of 10,228 shares. The stock has a market cap of $580.52 million, a price-to-earnings ratio of 17.46 and a beta of 1.02. The firm has a 50 day moving average of $19.88 and a 200-day moving average of $18.20. Kimball Electronics, Inc. has a 12 month low of $13.38 and a 12 month high of $22.27.
Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Wednesday, August 2nd. The electronics maker reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $241.27 million for the quarter. Kimball Electronics had a net margin of 3.67% and a return on equity of 9.24%. Equities analysts predict that Kimball Electronics, Inc. will post $0.93 earnings per share for the current year.
Kimball Electronics announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 24th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 42% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Kimball Electronics Company Profile
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.
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