Sapient Capital LLC Sells 25,441 Shares of Kimball Electronics, Inc. $KE

Sapient Capital LLC lowered its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 296,514 shares of the electronics maker’s stock after selling 25,441 shares during the period. Sapient Capital LLC owned approximately 1.22% of Kimball Electronics worth $8,474,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KE. Quarry LP bought a new position in shares of Kimball Electronics in the third quarter worth $28,000. State of Alaska Department of Revenue bought a new position in shares of Kimball Electronics in the third quarter worth $31,000. Raymond James Financial Inc. bought a new position in shares of Kimball Electronics in the second quarter worth $34,000. Farther Finance Advisors LLC bought a new position in shares of Kimball Electronics in the fourth quarter worth $35,000. Finally, CWM LLC increased its position in shares of Kimball Electronics by 135.2% in the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 715 shares during the period. Institutional investors own 75.99% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on KE shares. Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Zacks Research lowered Kimball Electronics from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.00.

Kimball Electronics Stock Performance

NASDAQ:KE opened at $24.53 on Monday. The stock’s 50-day simple moving average is $25.06 and its 200 day simple moving average is $27.12. The firm has a market capitalization of $589.95 million, a PE ratio of 23.59, a price-to-earnings-growth ratio of 0.85 and a beta of 1.25. The company has a quick ratio of 1.29, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. Kimball Electronics, Inc. has a twelve month low of $17.17 and a twelve month high of $33.19.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $352.92 million during the quarter, compared to analyst estimates of $356.27 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. On average, analysts anticipate that Kimball Electronics, Inc. will post 1.44 EPS 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.