Dimensional Fund Advisors LP Sells 18,127 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Dimensional Fund Advisors LP lessened its position in Kimball Electronics, Inc. (NASDAQ:KE – Get Rating) by 0.9% in the 3rd quarter, Holdings Channel reports. The firm owned 1,990,937 shares of the electronics maker’s stock after selling 18,127 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Kimball Electronics worth $34,145,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Polaris Capital Management LLC increased its stake in Kimball Electronics by 4,228.6% in the second quarter. Polaris Capital Management LLC now owns 1,503,960 shares of the electronics maker’s stock valued at $234,121,000 after purchasing an additional 1,469,215 shares in the last quarter. Vanguard Group Inc. increased its stake in Kimball Electronics by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,388,705 shares of the electronics maker’s stock valued at $27,759,000 after purchasing an additional 25,073 shares in the last quarter. State Street Corp increased its position in shares of Kimball Electronics by 1.2% during the second quarter. State Street Corp now owns 627,119 shares of the electronics maker’s stock worth $12,605,000 after acquiring an additional 7,405 shares in the last quarter. Earnest Partners LLC increased its position in shares of Kimball Electronics by 43.9% during the first quarter. Earnest Partners LLC now owns 595,373 shares of the electronics maker’s stock worth $11,902,000 after acquiring an additional 181,737 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Kimball Electronics by 39.0% during the first quarter. Bank of America Corp DE now owns 523,205 shares of the electronics maker’s stock worth $10,459,000 after acquiring an additional 146,825 shares in the last quarter. Institutional investors own 66.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Lake Street Capital increased their price objective on shares of Kimball Electronics from $27.00 to $32.00 in a research report on Wednesday, February 8th. StockNews.com downgraded shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 2nd.

Kimball Electronics Stock Performance

Shares of KE opened at $25.25 on Friday. Kimball Electronics, Inc. has a 12 month low of $16.66 and a 12 month high of $28.18. The firm has a fifty day simple moving average of $24.63 and a 200 day simple moving average of $22.26. The stock has a market capitalization of $624.18 million, a price-to-earnings ratio of 14.43 and a beta of 1.41. The company has a current ratio of 1.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49.

Kimball Electronics (NASDAQ:KE – Get Rating) last announced its earnings results on Monday, February 6th. The electronics maker reported $0.44 EPS for the quarter. Kimball Electronics had a net margin of 2.77% and a return on equity of 9.56%. The business had revenue of $436.70 million during the quarter.

About Kimball Electronics

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Kimball Electronics, Inc engages in the provision of engineering, manufacturing and supply of chain services to customers in the automotive, medical, industrial and public safety end markets. It offers the following solutions: design services, rapid prototyping and new product introduction support, production and testing of printed circuit board assemblies, industrialization and automation of manufacturing processes, reliability testing, assembly, production and packaging of other related non-electronic products, supply chain services and complete product life cycle management.