Punch & Associates Investment Management Inc. Has $3.45 Million Position in Kewaunee Scientific Corporation $KEQU

Punch & Associates Investment Management Inc. increased its position in Kewaunee Scientific Corporation (NASDAQ:KEQU) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,702 shares of the technology company’s stock after buying an additional 18,867 shares during the quarter. Punch & Associates Investment Management Inc. owned 3.51% of Kewaunee Scientific worth $3,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Kewaunee Scientific by 2,605.9% in the 4th quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock valued at $28,000 after acquiring an additional 443 shares during the period. US Bancorp DE boosted its position in shares of Kewaunee Scientific by 80.0% during the 3rd quarter. US Bancorp DE now owns 900 shares of the technology company’s stock valued at $38,000 after purchasing an additional 400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Kewaunee Scientific during the 2nd quarter valued at about $60,000. Barclays PLC acquired a new stake in Kewaunee Scientific during the fourth quarter worth approximately $92,000. Finally, 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. 32.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Kewaunee Scientific in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kewaunee Scientific Trading Up 0.2%

Shares of KEQU stock opened at $36.42 on Friday. The company’s fifty day simple moving average is $37.52 and its two-hundred day simple moving average is $37.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.18 and a quick ratio of 1.55. The stock has a market capitalization of $104.53 million, a price-to-earnings ratio of 11.31 and a beta of 0.71. Kewaunee Scientific Corporation has a 1 year low of $33.27 and a 1 year high of $60.89.

Kewaunee Scientific (NASDAQ:KEQU) last announced its earnings results on Tuesday, June 23rd. The technology company reported $1.14 earnings per share for the quarter. The business had revenue of $71.40 million for the quarter. Kewaunee Scientific had a net margin of 3.41% and a return on equity of 14.10%. During the same period in the prior year, the business earned $1.95 earnings per share.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.