US Bancorp DE trimmed its holdings in shares of Kimball Electronics Inc (NASDAQ:KE) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,090 shares of the electronics maker’s stock after selling 4,321 shares during the period. US Bancorp DE owned about 0.11% of Kimball Electronics worth $551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Foundry Partners LLC increased its stake in shares of Kimball Electronics by 1.5% during the 2nd quarter. Foundry Partners LLC now owns 233,975 shares of the electronics maker’s stock worth $4,282,000 after purchasing an additional 3,525 shares in the last quarter. Strs Ohio increased its stake in shares of Kimball Electronics by 9.9% during the 2nd quarter. Strs Ohio now owns 40,100 shares of the electronics maker’s stock worth $733,000 after purchasing an additional 3,600 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Kimball Electronics by 3.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 117,977 shares of the electronics maker’s stock worth $1,906,000 after purchasing an additional 3,627 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Kimball Electronics by 7.0% during the 1st quarter. California Public Employees Retirement System now owns 62,940 shares of the electronics maker’s stock worth $1,016,000 after purchasing an additional 4,140 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its stake in shares of Kimball Electronics by 5.3% during the 1st quarter. ClariVest Asset Management LLC now owns 84,871 shares of the electronics maker’s stock worth $1,372,000 after purchasing an additional 4,272 shares in the last quarter. 61.47% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, June 5th.

KE stock opened at $19.05 on Friday. The company has a market capitalization of $503.88 million, a price-to-earnings ratio of 14.81 and a beta of 1.04. Kimball Electronics Inc has a one year low of $15.75 and a one year high of $22.45.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, August 1st. The electronics maker reported $0.27 EPS for the quarter. The firm had revenue of $276.77 million during the quarter. Kimball Electronics had a net margin of 1.56% and a return on equity of 9.87%.

About Kimball Electronics

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing durable electronics for the automotive, medical, industrial, and public safety markets primarily in the United States, China, Mexico, Poland, Romania, and Thailand. Its engineering, manufacturing, and supply chain services include design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies; industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing; assembly, production, and packaging of other related non-electronic products; supply chain services; and product life cycle management services.

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Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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