BNP Paribas Financial Markets Has $516,000 Stake in Kimball Electronics, Inc. (NASDAQ:KE)

BNP Paribas Financial Markets boosted its position in Kimball Electronics, Inc. (NASDAQ:KE) by 271.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,898 shares of the electronics maker’s stock after buying an additional 20,385 shares during the period. BNP Paribas Financial Markets’ holdings in Kimball Electronics were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. nVerses Capital LLC acquired a new position in Kimball Electronics during the third quarter worth $48,000. Quest Partners LLC purchased a new position in Kimball Electronics during the 3rd quarter worth $61,000. SG Americas Securities LLC grew its holdings in shares of Kimball Electronics by 78.5% in the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock valued at $162,000 after acquiring an additional 3,849 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Kimball Electronics by 995.9% during the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock worth $167,000 after purchasing an additional 8,196 shares during the period. Finally, Hsbc Holdings PLC bought a new position in shares of Kimball Electronics during the 2nd quarter valued at approximately $210,000. Institutional investors own 75.99% of the company’s stock.

Analyst Ratings Changes

Separately, Cantor Fitzgerald dropped their price target on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.25.

Kimball Electronics Price Performance

KE stock opened at $18.93 on Friday. Kimball Electronics, Inc. has a one year low of $16.64 and a one year high of $27.73. The firm has a 50 day simple moving average of $18.91 and a two-hundred day simple moving average of $19.91. The stock has a market cap of $467.19 million, a PE ratio of 37.12 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.28 and a quick ratio of 1.30.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Monday, November 4th. The electronics maker reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. The company had revenue of $374.26 million for the quarter, compared to analyst estimates of $376.70 million. During the same quarter last year, the firm earned $0.43 EPS. On average, analysts predict that Kimball Electronics, Inc. will post 0.96 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.