Earnest Partners LLC Has $18.76 Million Holdings in Kimball Electronics, Inc. $KE

Earnest Partners LLC lessened its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 7.3% during the third quarter, HoldingsChannel.com reports. The firm owned 628,266 shares of the electronics maker’s stock after selling 49,761 shares during the period. Earnest Partners LLC’s holdings in Kimball Electronics were worth $18,760,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KE. State of Alaska Department of Revenue acquired a new position in Kimball Electronics during the third quarter worth $31,000. Raymond James Financial Inc. acquired a new stake in Kimball Electronics in the 2nd quarter valued at $34,000. Tower Research Capital LLC TRC increased its stake in Kimball Electronics by 197.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after buying an additional 1,901 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Kimball Electronics by 78.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,187 shares of the electronics maker’s stock worth $65,000 after buying an additional 964 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Kimball Electronics by 441.6% during the 3rd quarter. New York State Teachers Retirement System now owns 2,199 shares of the electronics maker’s stock worth $66,000 after buying an additional 1,793 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Wall Street Analyst Weigh In

KE has been the subject of several analyst reports. Wall Street Zen cut Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Finally, Zacks Research cut 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Stock Performance

NASDAQ KE opened at $22.80 on Monday. The firm has a market capitalization of $551.99 million, a P/E 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. The firm’s fifty day moving average price is $26.98 and its two-hundred day moving average price is $28.44. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $33.19.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $339.34 million. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. As a group, research analysts anticipate 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.