Kewaunee Scientific Co. (NASDAQ:KEQU) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) by 3.6% in the second quarter, HoldingsChannel.com reports. The fund owned 177,548 shares of the technology company’s stock after acquiring an additional 6,132 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Kewaunee Scientific worth $8,378,000 as of its most recent filing with the SEC.

Separately, Ritholtz Wealth Management acquired a new stake in Kewaunee Scientific during the 2nd quarter worth about $413,000. 32.69% of the stock is owned by hedge funds and other institutional investors.

Kewaunee Scientific Stock Performance

NASDAQ KEQU opened at $31.18 on Tuesday. The stock has a 50-day simple moving average of $44.73 and a two-hundred day simple moving average of $41.75. The firm has a market capitalization of $88.55 million, a P/E ratio of 4.91 and a beta of 0.72. Kewaunee Scientific Co. has a fifty-two week low of $16.51 and a fifty-two week high of $55.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53.

Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings results on Wednesday, September 11th. The technology company reported $0.93 earnings per share for the quarter. Kewaunee Scientific had a return on equity of 25.87% and a net margin of 9.13%. The firm had revenue of $48.39 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Kewaunee Scientific from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 28th.

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.