Ellsworth Advisors LLC Acquires New Holdings in Kimball Electronics, Inc. $KE

Ellsworth Advisors LLC bought a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) in the fourth quarter, HoldingsChannel reports. The firm bought 20,886 shares of the electronics maker’s stock, valued at approximately $581,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in shares of Kimball Electronics by 10,263.5% in the third quarter. BNP Paribas Financial Markets now owns 260,850 shares of the electronics maker’s stock valued at $7,789,000 after purchasing an additional 258,333 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Kimball Electronics during the 3rd quarter worth approximately $6,846,000. Arrowstreet Capital Limited Partnership lifted its stake in Kimball Electronics by 70.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 411,921 shares of the electronics maker’s stock valued at $7,921,000 after buying an additional 169,735 shares in the last quarter. American Century Companies Inc. lifted its stake in Kimball Electronics by 19.9% in the 3rd quarter. American Century Companies Inc. now owns 837,443 shares of the electronics maker’s stock valued at $25,006,000 after buying an additional 139,029 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Kimball Electronics by 806.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,710 shares of the electronics maker’s stock valued at $3,366,000 after buying an additional 100,275 shares during the last quarter. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on KE shares. Wall Street Zen downgraded Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 23rd. Zacks Research downgraded Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Kimball Electronics Stock Performance

NASDAQ:KE opened at $24.24 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.21 and a quick ratio of 1.31. The firm has a market cap of $586.85 million, a PE ratio of 25.25, a P/E/G ratio of 0.86 and a beta of 1.18. The firm has a 50 day simple moving average of $25.34 and a 200-day simple moving average of $27.91. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $33.19.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $341.28 million for the quarter, compared to analyst estimates of $339.34 million. Kimball Electronics had a net margin of 1.65% and a return on equity of 6.09%. On average, equities analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

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.