Royal Bank of Canada Boosts Stake in Kimball Electronics, Inc. (KE)

Royal Bank of Canada raised its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,225 shares of the electronics maker’s stock after purchasing an additional 237 shares during the quarter. Royal Bank of Canada owned 0.10% of Kimball Electronics worth $491,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of KE. Dimensional Fund Advisors LP boosted its position in shares of Kimball Electronics by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,295,943 shares of the electronics maker’s stock valued at $38,916,000 after acquiring an additional 65,669 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Kimball Electronics by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,176,252 shares of the electronics maker’s stock valued at $21,231,000 after acquiring an additional 31,106 shares in the last quarter. LSV Asset Management boosted its position in shares of Kimball Electronics by 280.4% during the 2nd quarter. LSV Asset Management now owns 491,983 shares of the electronics maker’s stock valued at $8,880,000 after acquiring an additional 362,655 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Kimball Electronics by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 430,495 shares of the electronics maker’s stock valued at $7,296,000 after acquiring an additional 27,752 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Kimball Electronics by 44.0% during the 1st quarter. Renaissance Technologies LLC now owns 350,575 shares of the electronics maker’s stock valued at $5,942,000 after acquiring an additional 107,200 shares in the last quarter. Institutional investors own 55.89% of the company’s stock.

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Several analysts have recently weighed in on KE shares. BidaskClub lowered shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 4th. ValuEngine lowered shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Kimball Electronics, Inc. (NASDAQ:KE) opened at $19.95 on Tuesday. The company has a market cap of $526.04, a PE ratio of 16.47 and a beta of 1.01. Kimball Electronics, Inc. has a 12-month low of $15.05 and a 12-month high of $22.45.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, November 1st. The electronics maker reported $0.31 EPS for the quarter. The firm had revenue of $253.20 million for the quarter. Kimball Electronics had a net margin of 3.40% and a return on equity of 9.63%.

Kimball Electronics declared that its board has approved a share buyback plan on Thursday, August 24th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the electronics maker to purchase up to 42% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About Kimball Electronics

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

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

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