Kimball Electronics, Inc. (NASDAQ:KE) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 5.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,847,423 shares of the electronics maker's stock after selling 102,440 shares during the period. Dimensional Fund Advisors LP owned about 7.49% of Kimball Electronics worth $34,602,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in Kimball Electronics in the fourth quarter valued at $82,000. SG Americas Securities LLC increased its position in Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after acquiring an additional 2,528 shares during the period. AlphaQuest LLC raised its stake in Kimball Electronics by 358.2% during the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock valued at $285,000 after acquiring an additional 11,901 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Kimball Electronics during the fourth quarter worth approximately $397,000. Finally, ExodusPoint Capital Management LP lifted its holdings in shares of Kimball Electronics by 4.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock worth $446,000 after purchasing an additional 979 shares during the period. 75.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Lake Street Capital cut their price objective on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.

Kimball Electronics Price Performance

Shares of KE stock traded up $3.68 during mid-day trading on Wednesday, reaching $18.39. The stock had a trading volume of 574,041 shares, compared to its average volume of 123,936. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $24.45. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $15.25 and a 200 day simple moving average of $17.49. The company has a market cap of $451.52 million, a P/E ratio of 57.46 and a beta of 1.11.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The company had revenue of $374.61 million during the quarter, compared to analysts' expectations of $338.08 million. On average, sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Kimball Electronics Profile

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.