Sherbrooke Park Advisers LLC Buys 1,516 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Sherbrooke Park Advisers LLC boosted its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 8.2% during the 4th quarter, HoldingsChannel reports. The fund owned 20,006 shares of the electronics maker’s stock after purchasing an additional 1,516 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Kimball Electronics were worth $375,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Kimball Electronics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock valued at $36,440,000 after buying an additional 92,166 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Kimball Electronics by 13.0% during the fourth quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker’s stock valued at $9,176,000 after buying an additional 56,175 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Kimball Electronics by 14.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker’s stock valued at $6,692,000 after buying an additional 44,840 shares during the last quarter. Northern Trust Corp grew its stake in shares of Kimball Electronics by 17.9% during the fourth quarter. Northern Trust Corp now owns 286,411 shares of the electronics maker’s stock valued at $5,364,000 after buying an additional 43,403 shares during the last quarter. Finally, Grace & White Inc. NY grew its stake in shares of Kimball Electronics by 5.5% during the fourth quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker’s stock valued at $5,074,000 after buying an additional 14,100 shares during the last quarter. 75.99% of the stock is owned by institutional investors.

Kimball Electronics Stock Down 2.8%

Shares of NASDAQ:KE opened at $17.61 on Friday. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45. The stock has a market cap of $429.33 million, a P/E ratio of 55.03 and a beta of 1.11. The business’s 50 day moving average is $15.49 and its 200 day moving average is $17.50. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $374.61 million for the quarter, compared to analysts’ expectations of $338.08 million. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Sell-side analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KE shares. StockNews.com raised Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Friday. Lake Street Capital dropped their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.75.

About Kimball Electronics

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.