Valeo Financial Advisors LLC Sells 27,635 Shares of Kimball Electronics, Inc. $KE

Valeo Financial Advisors LLC cut its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 58.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,824 shares of the electronics maker’s stock after selling 27,635 shares during the period. Valeo Financial Advisors LLC owned approximately 0.08% of Kimball Electronics worth $592,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in Kimball Electronics during the 3rd quarter worth approximately $543,000. Dynamic Technology Lab Private Ltd lifted its stake in Kimball Electronics by 112.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 44,054 shares of the electronics maker’s stock worth $847,000 after purchasing an additional 23,274 shares during the last quarter. American Century Companies Inc. lifted its position in Kimball Electronics by 18.6% in the 2nd quarter. American Century Companies Inc. now owns 698,414 shares of the electronics maker’s stock worth $13,431,000 after buying an additional 109,553 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of Kimball Electronics in the 2nd quarter worth approximately $254,000. Finally, CSM Advisors LLC purchased a new stake in Kimball Electronics during the second quarter valued at about $4,068,000. Institutional investors own 75.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KE. Wall Street Zen raised shares of Kimball Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. B. Riley restated a “buy” rating on shares of Kimball Electronics in a research note on Thursday, October 9th. Zacks Research lowered shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $32.00 target price on shares of Kimball Electronics in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Kimball Electronics has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Stock Performance

Shares of NASDAQ KE opened at $30.21 on Friday. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $33.19. The firm has a 50 day moving average of $29.39 and a 200 day moving average of $27.68. The company has a current ratio of 2.21, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $735.31 million, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.25. Kimball Electronics had a return on equity of 6.28% and a net margin of 1.62%.The firm had revenue of $365.60 million for the quarter, compared to analysts’ expectations of $338.43 million. On average, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share 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.