Kimball Electronics, Inc. (NASDAQ:KE) Shares Bought by State Street Corp

State Street Corp raised its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 1.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 565,069 shares of the electronics maker’s stock after acquiring an additional 7,864 shares during the quarter. State Street Corp’s holdings in Kimball Electronics were worth $10,459,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in shares of Kimball Electronics in the third quarter valued at $25,000. nVerses Capital LLC purchased a new stake in Kimball Electronics during the third quarter worth approximately $48,000. Quest Partners LLC purchased a new stake in Kimball Electronics during the third quarter worth approximately $61,000. SG Americas Securities LLC increased its position 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 worth $162,000 after acquiring an additional 3,849 shares in the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Kimball Electronics by 995.9% in the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after acquiring an additional 8,196 shares during the period. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Up 1.3 %

Shares of Kimball Electronics stock opened at $19.29 on Friday. Kimball Electronics, Inc. has a twelve month low of $16.64 and a twelve month high of $27.46. The stock has a market cap of $476.08 million, a price-to-earnings ratio of 37.82 and a beta of 1.25. The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $19.07 and a 200 day moving average price of $19.68.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $374.26 million during the quarter, compared to the consensus estimate of $376.70 million. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts forecast that Kimball Electronics, Inc. will post 0.96 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.