Dimensional Fund Advisors LP Reduces Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Dimensional Fund Advisors LP reduced its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,847,423 shares of the electronics maker's stock after selling 102,440 shares during the quarter. Dimensional Fund Advisors LP owned about 7.49% of Kimball Electronics worth $34,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Kimball Electronics during the fourth quarter valued at about $82,000. SG Americas Securities LLC grew its stake in Kimball Electronics by 28.9% during the fourth 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 in the last quarter. AlphaQuest LLC grew its stake in Kimball Electronics by 358.2% during the fourth 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Kimball Electronics during the 4th quarter worth approximately $397,000. Finally, ExodusPoint Capital Management LP lifted its stake in Kimball Electronics by 4.3% in the 4th 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 in the last quarter. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Price Performance

Shares of Kimball Electronics stock traded down $0.05 on Friday, hitting $18.24. 195,684 shares of the company traded hands, compared to its average volume of 124,779. 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 company has a market cap of $447.88 million, a P/E ratio of 57.00 and a beta of 1.11. The firm's 50-day simple moving average is $15.33 and its 200 day simple moving average is $17.50.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The firm had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. Analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KE. Lake Street Capital decreased their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. StockNews.com lowered Kimball Electronics from a "buy" rating to a "hold" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.