Kewaunee Scientific (NASDAQ:KEQU) CEO Sells $33,600.84 in Stock

Kewaunee Scientific Corporation (NASDAQ:KEQU) CEO Thomas David Hull III sold 884 shares of the stock in a transaction on Monday, December 29th. The stock was sold at an average price of $38.01, for a total transaction of $33,600.84. Following the sale, the chief executive officer directly owned 35,835 shares in the company, valued at $1,362,088.35. This trade represents a 2.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Thomas David Hull III also recently made the following trade(s):

• On Monday, December 22nd, Thomas David Hull III sold 1,000 shares of Kewaunee Scientific stock. The stock was sold at an average price of $39.00, for a total transaction of $39,000.00.

Kewaunee Scientific Price Performance

Shares of NASDAQ:KEQU traded up $0.65 during trading on Wednesday, reaching $38.06. 1,738 shares of the company’s stock traded hands, compared to its average volume of 15,584. The company has a quick ratio of 1.71, a current ratio of 2.48 and a debt-to-equity ratio of 0.81. Kewaunee Scientific Corporation has a fifty-two week low of $30.33 and a fifty-two week high of $71.33. The company has a 50-day simple moving average of $39.92 and a 200-day simple moving average of $46.99. The firm has a market cap of $109.23 million, a PE ratio of 9.66 and a beta of 0.61.

Kewaunee Scientific (NASDAQ:KEQU) last issued its quarterly earnings data on Wednesday, December 10th. The technology company reported $0.91 EPS for the quarter. The company had revenue of $70.10 million for the quarter. Kewaunee Scientific had a return on equity of 22.39% and a net margin of 4.11%.During the same period in the previous year, the business posted $1.01 earnings per share.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kewaunee Scientific in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Kewaunee Scientific from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Kewaunee Scientific presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of Kewaunee Scientific by 2,605.9% in the fourth quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Kewaunee Scientific in the 3rd quarter valued at $38,000. US Bancorp DE increased its stake in shares of Kewaunee Scientific by 80.0% in the 3rd quarter. US Bancorp DE now owns 900 shares of the technology company’s stock worth $38,000 after acquiring an additional 400 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kewaunee Scientific in the 2nd quarter worth $60,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Kewaunee Scientific during the 2nd quarter worth $232,000. 32.69% of the stock is owned by hedge funds and other institutional investors.

Kewaunee Scientific Company Profile

Kewaunee Scientific Corporation (NASDAQ:KEQU) is a global designer and manufacturer of scientific laboratory furniture, casework, fume hoods, containment solutions and related equipment. With roots dating back more than a century, the company develops integrated lab environments for research facilities, universities, biopharma companies, healthcare providers and government laboratories. Its product portfolio encompasses modular and custom casework, workstations, shelving systems, steel and epoxy resin solutions, as well as advanced ventilation and water management systems.

The company operates primary manufacturing facilities in Fitchburg, Wisconsin, supported by regional distribution and service centers in North America, Europe and Asia.