Kimball Electronics, Inc. (NASDAQ:KE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 6.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 223,422 shares of the electronics maker’s stock after selling 16,245 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kimball Electronics were worth $4,185,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new position in Kimball Electronics during the 3rd quarter worth $25,000. Quest Partners LLC acquired a new position in Kimball Electronics during the third quarter worth approximately $61,000. Quantbot Technologies LP increased its stake in Kimball Electronics by 995.9% in the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after purchasing an additional 8,196 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Kimball Electronics in the third quarter valued at approximately $172,000. Finally, SG Americas Securities LLC increased its stake in shares of Kimball Electronics by 28.9% during the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after acquiring an additional 2,528 shares during the period. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

Shares of KE stock opened at $17.17 on Thursday. Kimball Electronics, Inc. has a one year low of $15.94 and a one year high of $24.45. The firm has a market capitalization of $421.61 million, a price-to-earnings ratio of 53.66 and a beta of 1.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The company has a 50 day moving average price of $17.61 and a 200 day moving average price of $18.26.

Kimball Electronics (NASDAQ:KE) last posted its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

KE has been the topic of several recent analyst reports. Lake Street Capital lowered their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

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.