Earnest Partners LLC Sells 49,761 Shares of Kimball Electronics, Inc. $KE

Earnest Partners LLC cut its position in Kimball Electronics, Inc. (NASDAQ:KE) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 628,266 shares of the electronics maker’s stock after selling 49,761 shares during the period. Earnest Partners LLC owned about 2.58% of Kimball Electronics worth $18,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kimball Electronics by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,947,286 shares of the electronics maker’s stock valued at $58,146,000 after buying an additional 31,033 shares during the period. American Century Companies Inc. raised its stake in Kimball Electronics by 19.9% during the 3rd quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock worth $25,006,000 after buying an additional 139,029 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Kimball Electronics by 16.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 479,220 shares of the electronics maker’s stock worth $14,310,000 after acquiring an additional 67,299 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Kimball Electronics by 10,263.5% in the third quarter. BNP Paribas Financial Markets now owns 260,850 shares of the electronics maker’s stock valued at $7,789,000 after acquiring an additional 258,333 shares during the period. Finally, AQR Capital Management LLC grew 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 period. 75.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KE has been the topic of a number of research analyst reports. Zacks Research lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a research report on Friday, January 9th. Finally, Wall Street Zen cut Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Price Performance

KE stock opened at $22.80 on Monday. The stock has a 50-day moving average price of $26.98 and a two-hundred day moving average price of $28.44. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $33.19. The stock has a market cap of $551.99 million, a PE ratio of 23.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.20. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Wednesday, February 4th. The electronics maker reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $341.28 million for the quarter, compared to analyst estimates of $339.34 million. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%. Equities analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Kimball Electronics Company 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.