Kewaunee Scientific Co. (NASDAQ:KEQU – Get Free Report) VP Elizabeth D. Phillips sold 1,850 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $54.17, for a total transaction of $100,214.50. Following the sale, the vice president now directly owns 13,591 shares of the company’s stock, valued at $736,224.47. The trade was a 11.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Kewaunee Scientific Trading Down 1.9 %
Shares of Kewaunee Scientific stock opened at $53.87 on Friday. Kewaunee Scientific Co. has a 1-year low of $24.67 and a 1-year high of $56.95. 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 stock has a market cap of $154.71 million, a P/E ratio of 8.54 and a beta of 0.80. The stock’s 50 day simple moving average is $39.78 and its 200-day simple moving average is $42.57.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Kewaunee Scientific from a “hold” rating to a “buy” rating in a research report on Wednesday.
Hedge Funds Weigh In On Kewaunee Scientific
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of Kewaunee Scientific by 8.9% in the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock worth $792,000 after acquiring an additional 1,941 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Kewaunee Scientific by 24.6% in the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after purchasing an additional 2,156 shares during the period. Barclays PLC acquired a new stake in Kewaunee Scientific during the third quarter worth about $121,000. Heron Bay Capital Management acquired a new stake in Kewaunee Scientific during the second quarter worth about $252,000. Finally, Dimensional Fund Advisors LP raised its stake in Kewaunee Scientific by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after purchasing an additional 6,132 shares during the period. Institutional investors and hedge funds own 32.69% of the company’s stock.
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.
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