Sapient Capital LLC Sells 87,149 Shares of Kimball Electronics, Inc. $KE

Sapient Capital LLC cut its position in Kimball Electronics, Inc. (NASDAQ:KE) by 29.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 209,365 shares of the electronics maker’s stock after selling 87,149 shares during the quarter. Sapient Capital LLC’s holdings in Kimball Electronics were worth $4,960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Kimball Electronics during the 3rd quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new position in Kimball Electronics during the second quarter valued at approximately $34,000. CWM LLC lifted its stake in Kimball Electronics by 135.2% during 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 last quarter. Farther Finance Advisors LLC bought a new stake in Kimball Electronics during the fourth quarter worth $35,000. Finally, Kestra Advisory Services LLC bought a new stake in Kimball Electronics during the fourth quarter worth $38,000. Institutional investors own 75.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kimball Electronics Stock Performance

Shares of Kimball Electronics stock opened at $24.73 on Monday. 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 $18.04 and a twelve month high of $33.19. The stock has a market cap of $594.76 million, a price-to-earnings ratio of 23.78, a P/E/G ratio of 1.10 and a beta of 1.23. The company’s fifty day moving average is $25.13 and its 200 day moving average is $25.68.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share 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 analyst estimates of $356.27 million. Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. Sell-side analysts forecast that Kimball Electronics, Inc. will post 1.27 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.