Sapient Capital LLC Sells 2,570 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Sapient Capital LLC lowered its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 0.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 322,505 shares of the electronics maker’s stock after selling 2,570 shares during the period. Sapient Capital LLC’s holdings in Kimball Electronics were worth $6,041,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Point72 DIFC Ltd purchased a new position in shares of Kimball Electronics in the 3rd quarter valued at approximately $25,000. nVerses Capital LLC bought a new position in Kimball Electronics in the third quarter worth $48,000. Quest Partners LLC bought a new stake in shares of Kimball Electronics during the 3rd quarter valued at $61,000. SG Americas Securities LLC boosted its holdings in shares of Kimball Electronics by 78.5% during the 3rd quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker’s stock valued at $162,000 after buying an additional 3,849 shares in the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Kimball Electronics by 995.9% during the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock valued at $167,000 after buying an additional 8,196 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports 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 dropped their price target on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Kimball Electronics Stock Down 1.6 %

NASDAQ:KE opened at $16.55 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The firm has a market cap of $408.45 million, a P/E ratio of 51.72 and a beta of 1.24. Kimball Electronics, Inc. has a fifty-two week low of $16.54 and a fifty-two week high of $24.45. The firm has a 50-day simple moving average of $18.71 and a two-hundred day simple moving average of $18.84.

Kimball Electronics (NASDAQ:KE) last announced its quarterly 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 5.47%. Analysts predict that Kimball Electronics, Inc. will post 1.02 earnings per share for the current fiscal year.

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.