UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Kimball Electronics, Inc. (NASDAQ:KE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,200 shares of the electronics maker's stock after buying an additional 16,674 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.45% of Kimball Electronics worth $2,102,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in shares of Kimball Electronics in the 4th quarter worth approximately $82,000. Aquatic Capital Management LLC raised its position in Kimball Electronics by 211.6% in the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock worth $163,000 after acquiring an additional 5,926 shares during the period. Graham Capital Management L.P. purchased a new position in shares of Kimball Electronics during the 4th quarter worth $201,000. Point72 Asset Management L.P. increased its position in Kimball Electronics by 17.0% in the fourth quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock worth $204,000 after buying an additional 1,584 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock worth $211,000 after acquiring an additional 2,528 shares in the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

Analyst Ratings Changes

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

Kimball Electronics Price Performance

Shares of NASDAQ:KE traded up $0.41 during mid-day trading on Monday, reaching $18.92. The stock had a trading volume of 202,902 shares, compared to its average volume of 134,132. The business's 50 day moving average price is $15.87 and its 200 day moving average price is $17.33. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The company has a market cap of $461.27 million, a P/E ratio of 59.13 and a beta of 1.19.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (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 firm had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. Research analysts expect 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.