Connor Clark & Lunn Investment Management Ltd. lowered its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 81.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,795 shares of the electronics maker's stock after selling 46,692 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Kimball Electronics were worth $178,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Kimball Electronics by 34.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker's stock worth $4,946,000 after acquiring an additional 77,272 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Kimball Electronics by 81.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 63,392 shares of the electronics maker's stock worth $1,043,000 after acquiring an additional 28,521 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Kimball Electronics in the 1st quarter worth $200,000. Peapod Lane Capital LLC acquired a new stake in shares of Kimball Electronics in the 1st quarter worth $519,000. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Kimball Electronics by 17.2% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 33,975 shares of the electronics maker's stock worth $559,000 after acquiring an additional 4,983 shares during the period. Institutional investors and hedge funds own 75.99% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. B. Riley restated a "buy" rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Lake Street Capital raised their target price on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Wall Street Zen upgraded shares of Kimball Electronics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kimball Electronics has a consensus rating of "Buy" and an average target price of $28.00.
Read Our Latest Research Report on KE
Kimball Electronics Stock Up 0.9%
Shares of NASDAQ KE opened at $27.42 on Thursday. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $27.91. The firm has a 50-day moving average price of $20.10 and a 200 day moving average price of $17.76. The stock has a market capitalization of $668.50 million, a price-to-earnings ratio of 40.93 and a beta of 1.22.
Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.20 by $0.14. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.17%. The firm had revenue of $380.47 million during the quarter, compared to analysts' expectations of $333.19 million. Kimball Electronics has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.
Kimball Electronics Company Profile
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding KE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimball Electronics, Inc. (NASDAQ:KE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Kimball Electronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kimball Electronics wasn't on the list.
While Kimball Electronics currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access