D. E. Shaw & Co. Inc. Boosts Stock Position in Kimball Electronics, Inc. (NASDAQ:KE)

D. E. Shaw & Co. Inc. increased its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 37.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 145,602 shares of the electronics maker's stock after purchasing an additional 39,743 shares during the period. D. E. Shaw & Co. Inc. owned about 0.59% of Kimball Electronics worth $2,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP grew 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 valued at $446,000 after buying an additional 979 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Kimball Electronics by 3.7% in the fourth quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock valued at $542,000 after buying an additional 1,039 shares in the last quarter. Victory Capital Management Inc. boosted its position in Kimball Electronics by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker's stock valued at $1,212,000 after buying an additional 1,555 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Kimball Electronics by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock worth $685,000 after acquiring an additional 1,958 shares during the last quarter. Finally, Cardinal Capital Management raised its stake in shares of Kimball Electronics by 2.7% in the fourth quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker's stock worth $1,728,000 after acquiring an additional 2,459 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Price Performance

Shares of KE traded down $0.14 during mid-day trading on Friday, reaching $17.50. The company had a trading volume of 172,620 shares, compared to its average volume of 127,103. The company's 50 day simple moving average is $15.59 and its 200 day simple moving average is $17.43. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $24.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The company has a market capitalization of $426.65 million, a price-to-earnings ratio of 54.69 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

KE has been the subject of a number of recent research reports. Lake Street Capital dropped their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Wall Street Zen upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.75.

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.