Vanguard Group Inc. Acquires 48,456 Shares of Kimball Electronics, Inc. $KE

Vanguard Group Inc. grew its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,995,742 shares of the electronics maker’s stock after acquiring an additional 48,456 shares during the period. Vanguard Group Inc. owned 8.20% of Kimball Electronics worth $55,522,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its position in Kimball Electronics by 0.9% in the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock worth $1,229,000 after acquiring an additional 561 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kimball Electronics by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock worth $242,000 after acquiring an additional 624 shares in the last quarter. CWM LLC grew its position in Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 715 shares in the last quarter. Rhumbline Advisers grew its position in Kimball Electronics by 2.1% in the third quarter. Rhumbline Advisers now owns 36,913 shares of the electronics maker’s stock worth $1,102,000 after acquiring an additional 772 shares in the last quarter. Finally, Quarry LP bought a new stake in Kimball Electronics in the third quarter worth approximately $28,000. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Price Performance

NASDAQ KE opened at $24.53 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.29 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $25.06 and a 200 day simple moving average of $27.14. The company has a market cap of $589.95 million, a P/E ratio of 23.59, a P/E/G ratio of 0.87 and a beta of 1.25. Kimball Electronics, Inc. has a 1 year low of $17.17 and a 1 year high of $33.19.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $352.92 million for the quarter, compared to the consensus estimate of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. On average, sell-side analysts predict that Kimball Electronics, Inc. will post 1.44 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on KE. Weiss Ratings raised shares of Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Finally, Zacks Research downgraded shares of Kimball Electronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $32.00.

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.