Sapient Capital LLC Purchases New Shares in Kimball Electronics, Inc. (NASDAQ:KE)

Sapient Capital LLC acquired a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 325,075 shares of the electronics maker's stock, valued at approximately $8,761,000. Sapient Capital LLC owned 1.31% of Kimball Electronics at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Kimball Electronics by 1.1% in the third quarter. Vanguard Group Inc. now owns 1,205,259 shares of the electronics maker's stock worth $33,000,000 after acquiring an additional 12,776 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Kimball Electronics by 272.5% in the fourth quarter. Larson Financial Group LLC now owns 404,571 shares of the electronics maker's stock worth $10,903,000 after acquiring an additional 295,951 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Kimball Electronics by 95.1% in the third quarter. Envestnet Asset Management Inc. now owns 252,561 shares of the electronics maker's stock worth $6,915,000 after acquiring an additional 123,096 shares during the period. First Dallas Securities Inc. bought a new position in shares of Kimball Electronics in the third quarter worth $6,307,000. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Kimball Electronics by 178.3% in the third quarter. First Eagle Investment Management LLC now owns 224,024 shares of the electronics maker's stock worth $6,134,000 after acquiring an additional 143,523 shares during the period. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Trading Up 0.8 %

Shares of NASDAQ KE traded up $0.18 during trading hours on Friday, hitting $21.89. The company's stock had a trading volume of 63,049 shares, compared to its average volume of 100,697. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.97. The stock has a market cap of $544.40 million, a price-to-earnings ratio of 10.09 and a beta of 1.31. Kimball Electronics, Inc. has a 12 month low of $19.69 and a 12 month high of $31.43. The business has a 50-day simple moving average of $21.25 and a 200-day simple moving average of $23.42.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Monday, February 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.04). The business had revenue of $421.24 million during the quarter, compared to the consensus estimate of $435.60 million. Kimball Electronics had a return on equity of 10.37% and a net margin of 2.97%. On average, analysts anticipate that Kimball Electronics, Inc. will post 1.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KE has been the topic of a number of recent analyst reports. Cantor Fitzgerald lowered their price objective on Kimball Electronics from $33.00 to $28.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 7th. B. Riley lowered their price objective on Kimball Electronics from $39.00 to $34.00 and set a "buy" rating on the stock in a research report on Wednesday, February 7th.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.