Kimball Electronics, Inc. $KE Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 1,656.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,419 shares of the electronics maker’s stock after buying an additional 32,459 shares during the period. Fifth Third Bancorp owned 0.14% of Kimball Electronics worth $815,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Quarry LP bought a new position in Kimball Electronics in the third quarter worth about $28,000. CWM LLC grew its holdings in shares of Kimball Electronics by 135.2% during the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 715 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Kimball Electronics during the 4th quarter worth approximately $35,000. Kestra Advisory Services LLC acquired a new stake in shares of Kimball Electronics during the 4th quarter worth approximately $38,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Kimball Electronics by 99.7% in the 4th quarter. California State Teachers Retirement System now owns 1,498 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 748 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Analyst Ratings Changes

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

Kimball Electronics Stock Performance

Shares of KE stock opened at $24.85 on Tuesday. Kimball Electronics, Inc. has a 12-month low of $18.04 and a 12-month high of $33.19. The firm has a market capitalization of $597.64 million, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.10 and a beta of 1.22. The business has a 50 day simple moving average of $25.11 and a 200 day simple moving average of $25.79. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29.

Kimball Electronics (NASDAQ:KE) last issued 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). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The firm had revenue of $352.92 million for the quarter, compared to the consensus estimate of $356.27 million. On average, equities research analysts anticipate that Kimball Electronics, Inc. will post 1.27 EPS for the current year.

About Kimball Electronics

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.