Lazard Asset Management LLC Makes New Investment in Kimball Electronics, Inc. (NASDAQ:KE)

Lazard Asset Management LLC acquired a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 52,627 shares of the electronics maker's stock, valued at approximately $985,000. Lazard Asset Management LLC owned 0.21% of Kimball Electronics at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KE. Graham Capital Management L.P. purchased a new position in Kimball Electronics in the fourth quarter valued at $201,000. Deutsche Bank AG increased its holdings in Kimball Electronics by 44.1% in the fourth quarter. Deutsche Bank AG now owns 16,370 shares of the electronics maker's stock valued at $307,000 after buying an additional 5,007 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Kimball Electronics by 37.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 145,602 shares of the electronics maker's stock valued at $2,727,000 after buying an additional 39,743 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Kimball Electronics by 34.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 26,903 shares of the electronics maker's stock valued at $504,000 after buying an additional 6,871 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Kimball Electronics by 2.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 159,047 shares of the electronics maker's stock valued at $2,979,000 after buying an additional 3,939 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company's stock.

Analyst Upgrades and Downgrades

KE has been the topic of several recent analyst reports. Wall Street Zen raised Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday. Lake Street Capital decreased their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Kimball Electronics presently has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Stock Performance

NASDAQ:KE traded down $0.14 during mid-day trading on Friday, reaching $17.50. The stock had a trading volume of 172,620 shares, compared to its average volume of 127,103. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The firm has a market capitalization of $426.65 million, a price-to-earnings ratio of 54.69 and a beta of 1.11. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $24.45. The business has a 50 day simple moving average of $15.59 and a 200 day simple moving average of $17.43.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $338.08 million. On average, analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

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.