Punch & Associates Investment Management Inc. Buys Shares of 105,545 Kewaunee Scientific Corporation $KEQU

Key Points

• Punch & Associates Investment Management acquired 105,545 shares of Kewaunee Scientific in the second quarter, worth about $3.75 million and representing approximately 3.68% of the company.
• Other institutional investors, including De Lisle Partners, Minerva Advisors and BlackRock, also increased or initiated positions; institutions collectively own 32.69% of Kewaunee Scientific.
• Kewaunee Scientific shares opened at $37.88, while the company recently reported quarterly EPS of $1.14 on revenue of $71.4 million. Analysts maintain a consensus “Hold” rating.

Punch & Associates Investment Management Inc. bought a new position in Kewaunee Scientific Corporation (NASDAQ:KEQU - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 105,545 shares of the technology company's stock, valued at approximately $3,749,000. Punch & Associates Investment Management Inc. owned about 3.68% of Kewaunee Scientific as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the company. De Lisle Partners LLP bought a new position in shares of Kewaunee Scientific in the 2nd quarter worth approximately $1,919,000. Minerva Advisors LLC grew its position in Kewaunee Scientific by 51.8% during the fourth quarter. Minerva Advisors LLC now owns 121,863 shares of the technology company's stock valued at $4,559,000 after buying an additional 41,589 shares during the period. Northeast Investment Management purchased a new stake in Kewaunee Scientific during the fourth quarter valued at approximately $748,000. Susquehanna International Group LLP purchased a new stake in Kewaunee Scientific during the third quarter valued at approximately $713,000. Finally, BlackRock Inc. bought a new position in Kewaunee Scientific in the second quarter worth approximately $425,000. 32.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Kewaunee Scientific in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Kewaunee Scientific Stock Up 0.6%

NASDAQ KEQU opened at $37.88 on Thursday. The stock's 50-day moving average price is $36.53 and its 200-day moving average price is $37.38. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.53. Kewaunee Scientific Corporation has a 52 week low of $33.27 and a 52 week high of $58.95. The company has a market capitalization of $108.72 million, a P/E ratio of 11.76 and a beta of 0.72.

Kewaunee Scientific (NASDAQ:KEQU - Get Free Report) last announced its quarterly earnings data on Tuesday, June 23rd. The technology company reported $1.14 earnings per share (EPS) for the quarter. The company had revenue of $71.40 million during the quarter. Kewaunee Scientific had a return on equity of 14.10% and a net margin of 3.41%.During the same quarter last year, the firm posted $1.95 earnings per share.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation NASDAQ: KEQU is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.

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