Valeo Financial Advisors LLC Has $1.16 Million Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Valeo Financial Advisors LLC trimmed its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 10.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 62,129 shares of the electronics maker’s stock after selling 7,150 shares during the period. Valeo Financial Advisors LLC’s holdings in Kimball Electronics were worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Kimball Electronics by 96.4% in the 3rd 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 during the period. Dynamic Technology Lab Private Ltd grew its position in Kimball Electronics by 289.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock valued at $658,000 after purchasing an additional 26,402 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Kimball Electronics by 11.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker’s stock worth $5,620,000 after buying an additional 29,993 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock worth $1,768,000 after buying an additional 556 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Kimball Electronics by 271.3% during the 3rd 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 period. 75.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KE shares. StockNews.com upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Lake Street Capital cut their price target on 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kimball Electronics has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Stock Down 0.1 %

KE stock opened at $17.08 on Friday. The stock has a market capitalization of $421.53 million, a price-to-earnings ratio of 53.38 and a beta of 1.24. The company has a 50-day moving average of $18.44 and a two-hundred day moving average of $18.67. Kimball Electronics, Inc. has a 52-week low of $16.36 and a 52-week high of $24.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.28 and a quick ratio of 1.30.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data 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 return on equity of 5.47% and a net margin of 0.51%. As a group, equities research analysts anticipate that Kimball Electronics, Inc. will post 1.02 EPS for the current year.

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.