Vanguard Group Inc. Has $36.44 Million Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Vanguard Group Inc. lifted its stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,945,556 shares of the electronics maker's stock after acquiring an additional 92,166 shares during the quarter. Vanguard Group Inc. owned approximately 7.88% of Kimball Electronics worth $36,440,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in Kimball Electronics by 67.8% in the third quarter. FMR LLC now owns 41,086 shares of the electronics maker's stock valued at $760,000 after acquiring an additional 16,608 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimball Electronics by 0.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker's stock worth $1,768,000 after purchasing an additional 556 shares in the last quarter. State Street Corp increased its position in Kimball Electronics by 1.4% during the third quarter. State Street Corp now owns 565,069 shares of the electronics maker's stock worth $10,459,000 after buying an additional 7,864 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Kimball Electronics during the third quarter valued at about $220,000. Finally, Barclays PLC raised its holdings in Kimball Electronics by 96.4% during the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker's stock valued at $1,218,000 after buying an additional 32,271 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on KE shares. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Lake Street Capital reduced 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.75.

Kimball Electronics Stock Performance

KE stock traded up $0.08 on Friday, reaching $13.18. 101,343 shares of the company were exchanged, compared to its average volume of 120,716. The firm has a market capitalization of $323.63 million, a PE ratio of 41.19 and a beta of 1.18. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $24.45. The stock's fifty day moving average price is $16.06 and its 200 day moving average price is $17.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, research analysts anticipate 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.