Kimball Electronics, Inc. $KE Stock Holdings Increased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 1,656.1% in the 1st quarter, Holdings Channel reports. The firm owned 34,419 shares of the electronics maker’s stock after buying an additional 32,459 shares during the period. Fifth Third Bancorp’s holdings in Kimball Electronics were worth $815,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in 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 worth $7,789,000 after buying an additional 258,333 shares during the last quarter. Millennium Management LLC lifted its position in shares of Kimball Electronics by 403.0% during the 4th quarter. Millennium Management LLC now owns 130,160 shares of the electronics maker’s stock valued at $3,621,000 after acquiring an additional 104,281 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Kimball Electronics by 806.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,710 shares of the electronics maker’s stock worth $3,366,000 after acquiring an additional 100,275 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Kimball Electronics by 459.4% during the 1st quarter. Inspire Investing LLC now owns 92,989 shares of the electronics maker’s stock worth $2,203,000 after acquiring an additional 76,367 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Kimball Electronics by 110.0% during the 4th quarter. Lazard Asset Management LLC now owns 144,546 shares of the electronics maker’s stock worth $4,021,000 after acquiring an additional 75,723 shares in the last quarter. 75.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KE has been the topic of a number of recent analyst reports. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. KeyCorp started coverage on Kimball Electronics in a research report on Thursday, July 2nd. They issued a “sector weight” rating for the company. Wall Street Zen cut Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Zacks Research upgraded Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Kimball Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Trading Down 0.0%

NASDAQ:KE opened at $24.85 on Tuesday. The stock has a market cap of $597.64 million, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.22. Kimball Electronics, Inc. has a fifty-two week low of $18.04 and a fifty-two week high of $33.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29. The stock’s 50-day moving average is $25.11 and its two-hundred day moving average is $25.79.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The company had revenue of $352.92 million during the quarter, compared to analysts’ expectations of $356.27 million. Kimball Electronics had a return on equity of 6.22% and a net margin of 1.81%. As a group, equities research analysts forecast that Kimball Electronics, Inc. will post 1.27 earnings per share for the current fiscal 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.