American Century Companies Inc. Grows Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

American Century Companies Inc. lifted its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 489,896 shares of the electronics maker’s stock after acquiring an additional 56,175 shares during the quarter. American Century Companies Inc. owned approximately 1.98% of Kimball Electronics worth $9,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KE. Barclays PLC boosted its position in Kimball Electronics by 96.4% during the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock valued at $1,218,000 after purchasing an additional 32,271 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kimball Electronics by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after buying an additional 556 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Kimball Electronics by 271.3% during the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker’s stock valued at $516,000 after buying an additional 20,385 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kimball Electronics by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker’s stock valued at $10,686,000 after buying an additional 4,044 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after buying an additional 2,528 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Down 1.4 %

Shares of NASDAQ:KE opened at $16.01 on Thursday. Kimball Electronics, Inc. has a 52 week low of $15.81 and a 52 week high of $24.45. The company’s 50 day moving average is $17.33 and its two-hundred day moving average is $18.22. The company has a market cap of $393.13 million, a PE ratio of 50.03 and a beta of 1.21. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Equities analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on KE shares. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Lake Street Capital lowered their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kimball Electronics presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Company 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.