Envestnet Asset Management Inc. Purchases 105,889 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Envestnet Asset Management Inc. lifted its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 45.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,230 shares of the electronics maker's stock after acquiring an additional 105,889 shares during the period. Envestnet Asset Management Inc. owned approximately 1.38% of Kimball Electronics worth $5,580,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KE. Arrowstreet Capital Limited Partnership raised its stake in shares of Kimball Electronics by 239.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker's stock valued at $3,753,000 after purchasing an additional 141,411 shares during the period. Vanguard Group Inc. raised its position in Kimball Electronics by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock valued at $36,440,000 after buying an additional 92,166 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Kimball Electronics by 142.1% in the fourth quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker's stock valued at $2,120,000 after purchasing an additional 66,444 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Kimball Electronics in the 4th quarter valued at $1,147,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kimball Electronics during the 4th quarter worth approximately $1,135,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics Stock Down 0.6%

Shares of NASDAQ KE traded down $0.11 during trading on Friday, hitting $18.67. 72,948 shares of the company traded hands, compared to its average volume of 107,550. The firm has a market capitalization of $455.17 million, a price-to-earnings ratio of 26.30 and a beta of 1.19. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $24.45. The business's fifty day moving average is $18.99 and its 200 day moving average is $17.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.24 and a current ratio of 2.14.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. The business had revenue of $374.61 million for the quarter, compared to analysts' expectations of $338.08 million. Equities research analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

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.