Kimball Electronics, Inc. $KE Shares Sold by Trexquant Investment LP

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

Several other institutional investors have also recently made changes to their positions in KE. 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 period. SummerHaven Investment Management LLC increased its holdings in Kimball Electronics by 2.2% in the first quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker's stock valued at $607,000 after buying an additional 791 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Kimball Electronics by 3.7% in the fourth quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock worth $542,000 after acquiring an additional 1,039 shares during the period. Sherbrooke Park Advisers LLC raised its position in shares of Kimball Electronics by 8.2% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker's stock worth $375,000 after acquiring an additional 1,516 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in shares of Kimball Electronics by 17.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock worth $204,000 after acquiring an additional 1,584 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Kimball Electronics Stock Up 1.9%

Shares of Kimball Electronics stock opened at $30.34 on Thursday. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $30.75. The company has a 50 day moving average of $23.09 and a 200 day moving average of $18.98. The company has a quick ratio of 1.34, a current ratio of 2.20 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $739.69 million, a P/E ratio of 45.28 and a beta of 1.28.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. The business had revenue of $380.47 million during the quarter, compared to analysts' expectations 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. As a group, research analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS 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.

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