Ameriprise Financial Inc. Increases Position in Kimball Electronics, Inc. (NASDAQ:KE)

Ameriprise Financial Inc. boosted its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,700 shares of the electronics maker's stock after purchasing an additional 17,262 shares during the period. Ameriprise Financial Inc. owned approximately 0.22% of Kimball Electronics worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. PDT Partners LLC purchased a new position in shares of Kimball Electronics during the fourth quarter worth approximately $573,000. Northern Trust Corp increased its position 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 acquiring an additional 43,403 shares during the period. Aquatic Capital Management LLC increased its position in shares of Kimball Electronics by 211.6% during 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. Susquehanna Fundamental Investments LLC purchased a new position in shares of Kimball Electronics during the fourth quarter worth approximately $503,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Kimball Electronics by 5.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock worth $685,000 after acquiring an additional 1,958 shares during the period. Institutional investors own 75.99% of the company's stock.

Kimball Electronics Stock Up 1.0%

KE stock traded up $0.19 during trading on Thursday, hitting $18.54. 166,271 shares of the company's stock traded hands, compared to its average volume of 133,500. The firm has a market capitalization of $452.01 million, a P/E ratio of 57.94 and a beta of 1.11. The business has a fifty day simple moving average of $15.78 and a two-hundred day simple moving average of $17.37. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly 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 business had revenue of $374.61 million for the quarter, compared to analyst estimates of $338.08 million. Sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KE shares. Lake Street Capital cut their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Wall Street Zen raised 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 given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics 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.