Valeo Financial Advisors LLC Trims Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Valeo Financial Advisors LLC reduced its position in Kimball Electronics, Inc. (NASDAQ:KE) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,129 shares of the electronics maker’s stock after selling 7,150 shares during the quarter. Valeo Financial Advisors LLC owned approximately 0.25% of Kimball Electronics worth $1,164,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KE. Barclays PLC lifted its stake in Kimball Electronics by 96.4% in the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock valued at $1,218,000 after buying an additional 32,271 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Kimball Electronics by 289.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock valued at $658,000 after buying an additional 26,402 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Kimball Electronics by 11.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock worth $5,620,000 after acquiring an additional 29,993 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock worth $1,768,000 after acquiring an additional 556 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Kimball Electronics by 271.3% in the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker’s stock valued at $516,000 after buying an additional 20,385 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Down 0.1 %

KE opened at $17.08 on Friday. Kimball Electronics, Inc. has a one year low of $16.36 and a one year high of $24.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The company has a market capitalization of $421.53 million, a PE ratio of 53.38 and a beta of 1.24. The stock’s fifty day moving average is $18.44 and its 200-day moving average is $18.67.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.47%. On average, equities analysts predict that Kimball Electronics, Inc. will post 1.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Lake Street Capital decreased their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Kimball Electronics presently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.