Knowles (NYSE:KN) Sees Unusually-High Trading Volume

Shares of Knowles Co. (NYSE:KN) saw an uptick in trading volume on Friday . 642,070 shares traded hands during trading, an increase of 18% from the previous session’s volume of 543,938 shares.The stock last traded at $17.68 and had previously closed at $17.91.

Analyst Ratings Changes

Separately, Susquehanna raised their target price on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 17th.

Knowles Stock Up 1.1 %

The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $17.79 and a 200-day moving average price of $17.04. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 20.64 and a beta of 1.42.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $204.70 million during the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Insider Transactions at Knowles

In other Knowles news, CFO John S. Anderson sold 10,444 shares of Knowles stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $193,214.00. Following the sale, the chief financial officer now owns 211,200 shares of the company’s stock, valued at approximately $3,907,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Knowles by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock worth $193,102,000 after acquiring an additional 114,934 shares during the last quarter. Franklin Resources Inc. increased its holdings in Knowles by 10.9% in the 4th quarter. Franklin Resources Inc. now owns 9,181,260 shares of the communications equipment provider’s stock worth $164,436,000 after acquiring an additional 904,446 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Knowles by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,678,995 shares of the communications equipment provider’s stock valued at $115,277,000 after buying an additional 375,822 shares in the last quarter. Ariel Investments LLC raised its holdings in Knowles by 3.7% during the first quarter. Ariel Investments LLC now owns 5,187,144 shares of the communications equipment provider’s stock valued at $83,513,000 after acquiring an additional 183,991 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Knowles by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,183,381 shares of the communications equipment provider’s stock worth $21,194,000 after acquiring an additional 27,075 shares during the period. 96.35% of the stock is owned by institutional investors.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).