State Street Corp Purchases Shares of 7,984 Kewaunee Scientific Co. (NASDAQ:KEQU)

State Street Corp acquired a new position in Kewaunee Scientific Co. (NASDAQ:KEQU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,984 shares of the technology company’s stock, valued at approximately $266,000. State Street Corp owned about 0.28% of Kewaunee Scientific at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KEQU. De Lisle Partners LLP grew its position in Kewaunee Scientific by 36.6% in the third quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after buying an additional 11,511 shares during the last quarter. Ritholtz Wealth Management raised its position in Kewaunee Scientific by 24.6% during the third 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 in the last quarter. Heron Bay Capital Management bought a new position in Kewaunee Scientific during the second quarter valued at about $252,000. Renaissance Technologies LLC boosted its position in Kewaunee Scientific by 13.4% during the second quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after purchasing an additional 10,580 shares during the period. Finally, Dimensional Fund Advisors LP grew 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 last quarter. 32.69% of the stock is currently owned by institutional investors.

Insider Activity at Kewaunee Scientific

In related news, CEO Thomas David Hull III sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $63.01, for a total transaction of $126,020.00. Following the sale, the chief executive officer now owns 42,497 shares of the company’s stock, valued at approximately $2,677,735.97. This trade represents a 4.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Donald T. Gardner III sold 2,049 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $58.19, for a total value of $119,231.31. Following the completion of the sale, the chief financial officer now owns 22,615 shares of the company’s stock, valued at $1,315,966.85. This trade represents a 8.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,369 shares of company stock worth $572,751 over the last ninety days. Company insiders own 14.20% of the company’s stock.

Wall Street Analyst Weigh In

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

Kewaunee Scientific Stock Performance

Shares of Kewaunee Scientific 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 firm has a 50 day simple moving average of $45.63 and a 200 day simple moving average of $44.05. 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 firm has a market cap of $178.06 million, a P/E ratio of 9.83 and a beta of 0.80.

Kewaunee Scientific Company 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.