State Street Corp Makes New $266,000 Investment in Kewaunee Scientific Co. (NASDAQ:KEQU)

State Street Corp purchased a new stake in Kewaunee Scientific Co. (NASDAQ:KEQU) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,984 shares of the technology company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Kewaunee Scientific by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock valued at $8,378,000 after purchasing an additional 6,132 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Kewaunee Scientific by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after buying an additional 10,580 shares during the period. Heron Bay Capital Management acquired a new position in Kewaunee Scientific in the 2nd quarter valued at about $252,000. Ritholtz Wealth Management raised its holdings in Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after acquiring an additional 2,156 shares during the period. Finally, De Lisle Partners LLP lifted its position in Kewaunee Scientific by 36.6% during the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 11,511 shares during the last quarter. 32.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Kewaunee Scientific from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th.

Kewaunee Scientific Stock Down 1.1 %

KEQU stock opened at $62.00 on Friday. Kewaunee Scientific Co. has a fifty-two week low of $27.00 and a fifty-two week high of $67.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.53 and a quick ratio of 2.00. The stock has a market capitalization of $178.06 million, a price-to-earnings ratio of 9.83 and a beta of 0.80. The business’s fifty day moving average price is $45.63 and its two-hundred day moving average price is $44.05.

Insider Activity at Kewaunee Scientific

In related news, VP Elizabeth D. Phillips sold 1,850 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $54.17, for a total transaction of $100,214.50. Following the completion of the sale, the vice president now owns 13,591 shares of the company’s stock, valued at $736,224.47. This represents a 11.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Douglas J. Batdorff sold 3,470 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $65.50, for a total transaction of $227,285.00. Following the completion of the transaction, the vice president now owns 5,000 shares of the company’s stock, valued at $327,500. The trade was a 40.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,369 shares of company stock worth $572,751. Corporate insiders own 14.20% of the company’s stock.

Kewaunee Scientific Profile

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.