Ritholtz Wealth Management Sells 5,000 Shares of Kewaunee Scientific Corporation $KEQU

Ritholtz Wealth Management reduced its holdings in Kewaunee Scientific Corporation (NASDAQ:KEQU) by 27.9% in the second quarter, HoldingsChannel reports. The firm owned 12,949 shares of the technology company’s stock after selling 5,000 shares during the period. Ritholtz Wealth Management’s holdings in Kewaunee Scientific were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in Kewaunee Scientific by 125.7% in the first quarter. Goldman Sachs Group Inc. now owns 19,397 shares of the technology company’s stock worth $764,000 after purchasing an additional 10,803 shares in the last quarter. Jane Street Group LLC increased its holdings in Kewaunee Scientific by 65.8% in the first quarter. Jane Street Group LLC now owns 8,052 shares of the technology company’s stock worth $317,000 after purchasing an additional 3,196 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in Kewaunee Scientific in the first quarter worth approximately $788,000. OMERS ADMINISTRATION Corp acquired a new stake in Kewaunee Scientific in the first quarter valued at approximately $284,000. Finally, American Century Companies Inc. grew its stake in Kewaunee Scientific by 43.4% in the first quarter. American Century Companies Inc. now owns 49,182 shares of the technology company’s stock valued at $1,937,000 after acquiring an additional 14,889 shares during the period. 32.69% of the stock is currently owned by institutional investors.

Kewaunee Scientific Stock Up 1.6%

Shares of NASDAQ:KEQU opened at $43.19 on Friday. The stock has a market cap of $123.96 million, a price-to-earnings ratio of 10.46 and a beta of 0.68. The company has a quick ratio of 1.63, a current ratio of 2.32 and a debt-to-equity ratio of 0.88. Kewaunee Scientific Corporation has a 12-month low of $30.33 and a 12-month high of $71.33. The business’s 50 day moving average is $49.13 and its 200 day moving average is $45.26.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Wednesday, September 10th. The technology company reported $1.10 earnings per share (EPS) for the quarter. The company had revenue of $71.10 million for the quarter. Kewaunee Scientific had a return on equity of 25.65% and a net margin of 4.68%.

Insider Activity at Kewaunee Scientific

In related news, CFO Donald T. Gardner III sold 3,000 shares of Kewaunee Scientific stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $42.76, for a total transaction of $128,280.00. Following the transaction, the chief financial officer owned 11,564 shares of the company’s stock, valued at $494,476.64. The trade was a 20.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Elizabeth D. Phillips sold 6,880 shares of Kewaunee Scientific stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $43.20, for a total value of $297,216.00. Following the transaction, the vice president directly owned 8,248 shares in the company, valued at approximately $356,313.60. The trade was a 45.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,880 shares of company stock valued at $865,241 over the last 90 days. Insiders own 13.30% of the company’s stock.

Analyst Ratings Changes

KEQU has been the subject of a number of research reports. Wall Street Zen raised Kewaunee Scientific from a “hold” rating to a “buy” rating in a research note on Saturday, July 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kewaunee Scientific in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.