Man Group plc Purchases New Shares in Kimball Electronics, Inc. $KE

Man Group plc purchased a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) in the second quarter, HoldingsChannel.com reports. The firm purchased 129,875 shares of the electronics maker’s stock, valued at approximately $3,325,000.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Kimball Electronics during the second quarter worth about $62,468,000. Vanguard Group Inc. raised its stake in Kimball Electronics by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 1,995,742 shares of the electronics maker’s stock valued at $55,522,000 after acquiring an additional 48,456 shares during the last quarter. Geode Capital Management LLC lifted its position in Kimball Electronics by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 677,488 shares of the electronics maker’s stock worth $18,852,000 after acquiring an additional 6,586 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Kimball Electronics by 13.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 515,409 shares of the electronics maker’s stock worth $14,339,000 after acquiring an additional 59,446 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Kimball Electronics by 16.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 479,220 shares of the electronics maker’s stock valued at $14,310,000 after purchasing an additional 67,299 shares during the last quarter. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Up 0.7%

KE opened at $23.62 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.27. Kimball Electronics, Inc. has a 12 month low of $21.01 and a 12 month high of $33.19. The stock has a market capitalization of $566.17 million, a P/E ratio of 20.90, a P/E/G ratio of 0.99 and a beta of 1.23. The business has a 50 day simple moving average of $24.83 and a 200-day simple moving average of $25.00.

Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $371.57 million for the quarter, compared to analyst estimates of $373.63 million. Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%. On average, equities analysts anticipate that Kimball Electronics, Inc. will post 1.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on KE. KeyCorp started coverage on Kimball Electronics in a research note on Thursday, July 2nd. They set a “sector weight” rating for the company. Zacks Research upgraded shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Wall Street Zen downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Kimball Electronics has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.