Universal Beteiligungs und Servicegesellschaft mbH Takes $1.14 Million Position in Kimball Electronics, Inc. (NASDAQ:KE)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,600 shares of the electronics maker's stock, valued at approximately $1,135,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.25% of Kimball Electronics at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KE. Two Sigma Investments LP lifted its stake in shares of Kimball Electronics by 37.2% in the 4th quarter. Two Sigma Investments LP now owns 85,364 shares of the electronics maker's stock valued at $1,599,000 after purchasing an additional 23,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Kimball Electronics by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock valued at $263,000 after purchasing an additional 608 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of 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 purchasing an additional 2,528 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Kimball Electronics by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock valued at $685,000 after purchasing an additional 1,958 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of Kimball Electronics by 116.8% in the 4th quarter. Two Sigma Advisers LP now owns 78,700 shares of the electronics maker's stock valued at $1,474,000 after purchasing an additional 42,400 shares during the last quarter. 75.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kimball Electronics has a consensus rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics Trading Down 0.2%

Shares of NASDAQ KE traded down $0.03 during midday trading on Friday, hitting $18.51. The company's stock had a trading volume of 116,032 shares, compared to its average volume of 133,856. 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's 50 day moving average is $15.87 and its two-hundred day moving average is $17.36. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $24.45. The firm has a market cap of $451.27 million, a P/E ratio of 57.85 and a beta of 1.19.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $374.61 million for the quarter, compared to the consensus estimate of $338.08 million. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. As a group, equities research analysts expect that Kimball Electronics, Inc. will post 0.89 EPS 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.