Northeast Investment Management Invests $748,000 in Kewaunee Scientific Corporation $KEQU

Northeast Investment Management purchased a new stake in shares of Kewaunee Scientific Corporation (NASDAQ:KEQU) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,000 shares of the technology company’s stock, valued at approximately $748,000. Northeast Investment Management owned about 0.70% of Kewaunee Scientific as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Kewaunee Scientific by 2,605.9% during 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 during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Kewaunee Scientific in the third quarter valued at approximately $38,000. US Bancorp DE raised its stake in Kewaunee Scientific by 80.0% in the third quarter. US Bancorp DE now owns 900 shares of the technology company’s stock valued at $38,000 after buying an additional 400 shares during the period. Raymond James Financial Inc. bought a new stake in Kewaunee Scientific in the second quarter valued at approximately $60,000. Finally, Jane Street Group LLC raised its stake in Kewaunee Scientific by 65.8% in the first quarter. Jane Street Group LLC now owns 8,052 shares of the technology company’s stock valued at $317,000 after buying an additional 3,196 shares during the period. 32.69% of the stock is owned by institutional investors and hedge funds.

Kewaunee Scientific Trading Up 0.2%

NASDAQ KEQU opened at $36.73 on Wednesday. The company has a market cap of $105.42 million, a price-to-earnings ratio of 9.87 and a beta of 0.69. The company has a quick ratio of 1.45, a current ratio of 2.12 and a debt-to-equity ratio of 0.58. Kewaunee Scientific Corporation has a twelve month low of $33.70 and a twelve month high of $60.89. The business’s fifty day moving average is $36.42 and its 200 day moving average is $38.51.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kewaunee Scientific in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Kewaunee Scientific 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.