Janney Montgomery Scott LLC Makes New $338,000 Investment in Kewaunee Scientific Co. (NASDAQ:KEQU)

Janney Montgomery Scott LLC acquired a new stake in shares of Kewaunee Scientific Co. (NASDAQ:KEQU) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,470 shares of the technology company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Kewaunee Scientific by 18,000.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 905 shares of the technology company’s stock valued at $30,000 after buying an additional 900 shares during the period. Barclays PLC bought a new position in shares of Kewaunee Scientific during the third quarter valued at about $121,000. State Street Corp purchased a new stake in shares of Kewaunee Scientific during the third quarter worth about $266,000. Ritholtz Wealth Management grew its stake in shares of Kewaunee Scientific by 24.6% in the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock worth $363,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Kewaunee Scientific by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock valued at $792,000 after purchasing an additional 1,941 shares during the period. Institutional investors own 32.69% of the company’s stock.

Kewaunee Scientific Stock Up 3.4 %

Shares of Kewaunee Scientific stock opened at $66.18 on Tuesday. The company has a current ratio of 2.64, a quick ratio of 2.13 and a debt-to-equity ratio of 0.45. Kewaunee Scientific Co. has a 12-month low of $27.00 and a 12-month high of $67.55. The company has a market cap of $189.94 million, a P/E ratio of 10.49 and a beta of 0.71. The company’s fifty day simple moving average is $57.20 and its two-hundred day simple moving average is $46.96.

Kewaunee Scientific (NASDAQ:KEQU) last announced its quarterly earnings results on Wednesday, December 11th. The technology company reported $1.41 earnings per share (EPS) for the quarter. Kewaunee Scientific had a net margin of 9.39% and a return on equity of 25.83%.

Insider Transactions at Kewaunee Scientific

In other Kewaunee Scientific news, CFO Donald T. Gardner III sold 2,049 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $58.19, for a total transaction of $119,231.31. Following the completion of the transaction, the chief financial officer now owns 22,615 shares of the company’s stock, valued at approximately $1,315,966.85. This trade represents a 8.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Elizabeth D. Phillips sold 1,850 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $54.17, for a total value of $100,214.50. Following the completion of the sale, the vice president now directly owns 13,591 shares in the company, valued at approximately $736,224.47. This represents a 11.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,994 shares of company stock valued at $729,430. Corporate insiders own 14.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Kewaunee Scientific from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th.

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.