Kimball Electronics, Inc. (NASDAQ:KE) Stake Boosted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 271.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,898 shares of the electronics maker’s stock after acquiring an additional 20,385 shares during the period. BNP Paribas Financial Markets owned 0.11% of Kimball Electronics worth $516,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Kimball Electronics during the third quarter worth approximately $48,000. Quest Partners LLC acquired a new stake in shares of Kimball Electronics during the third quarter worth approximately $61,000. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 3,849 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Kimball Electronics by 995.9% in the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock worth $167,000 after acquiring an additional 8,196 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in Kimball Electronics in the 2nd quarter valued at $210,000. 75.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Cantor Fitzgerald lowered their price objective on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a research report on Friday, August 16th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimball Electronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Kimball Electronics Price Performance

Kimball Electronics stock opened at $18.93 on Friday. The company has a market capitalization of $467.19 million, a price-to-earnings ratio of 37.12 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. Kimball Electronics, Inc. has a 12 month low of $16.64 and a 12 month high of $27.73. The stock’s 50 day moving average is $18.91 and its 200-day moving average is $19.91.

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