Trexquant Investment LP Trims Stake in Kimball Electronics, Inc. $KE

Key Points

• Trexquant Investment LP has significantly reduced its stake in Kimball Electronics by 65.1%, selling 19,623 shares and now holding 10,513 shares valued at $173,000.
• Despite the reduction by Trexquant, several institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS and Point72 Asset Management, have increased their stakes in Kimball Electronics.
• Equities analysts have recently upgraded Kimball Electronics, with the average target price now set at $28.00 and ratings ranging from "buy" to "strong-buy".

Trexquant Investment LP cut its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 65.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,513 shares of the electronics maker's stock after selling 19,623 shares during the period. Trexquant Investment LP's holdings in Kimball Electronics were worth $173,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KE. Earnest Partners LLC lifted its stake in shares of Kimball Electronics by 10.3% in the 1st quarter. Earnest Partners LLC now owns 691,417 shares of the electronics maker's stock valued at $11,374,000 after purchasing an additional 64,307 shares during the period. American Century Companies Inc. raised its position in shares of Kimball Electronics by 20.2% in the first quarter. American Century Companies Inc. now owns 588,861 shares of the electronics maker's stock valued at $9,687,000 after buying an additional 98,965 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Kimball Electronics by 45.4% in the first quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker's stock valued at $5,580,000 after buying an additional 105,889 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Kimball Electronics by 34.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 300,694 shares of the electronics maker's stock valued at $4,946,000 after acquiring an additional 77,272 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Kimball Electronics by 17.9% during the fourth quarter. Northern Trust Corp now owns 286,411 shares of the electronics maker's stock worth $5,364,000 after buying an additional 43,403 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Stock Up 0.6%

NASDAQ:KE traded up $0.20 during mid-day trading on Tuesday, hitting $31.48. 310,484 shares of the company's stock were exchanged, compared to its average volume of 261,050. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.20 and a quick ratio of 1.34. The company has a market cap of $767.48 million, a PE ratio of 46.99 and a beta of 1.28. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $31.64. The business has a fifty day moving average price of $23.95 and a 200 day moving average price of $19.34.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.14. The firm had revenue of $380.47 million during the quarter, compared to analyst estimates of $333.19 million. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. Kimball Electronics has set its FY 2025 guidance at EPS. Equities analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

KE has been the topic of several analyst reports. B. Riley reissued a "buy" rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Wall Street Zen upgraded shares of Kimball Electronics from a "buy" rating to a "strong-buy" rating in a report on Monday, September 1st. Lake Street Capital upped their price objective on shares of Kimball Electronics from $21.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Finally, Zacks Research raised shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $28.00.

Kimball Electronics Company 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.