Donald Smith & CO. Inc. Has $3.48 Million Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Donald Smith & CO. Inc. reduced its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,801 shares of the electronics maker’s stock after selling 5,775 shares during the period. Donald Smith & CO. Inc. owned about 0.75% of Kimball Electronics worth $3,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KE. ExodusPoint Capital Management LP lifted its holdings in shares of Kimball Electronics by 4.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker’s stock valued at $446,000 after purchasing an additional 979 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Kimball Electronics during the 4th quarter valued at $1,147,000. Arrowstreet Capital Limited Partnership boosted its holdings in Kimball Electronics by 239.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after acquiring an additional 141,411 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Kimball Electronics by 14.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker’s stock worth $6,692,000 after acquiring an additional 44,840 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Kimball Electronics by 142.1% in the fourth quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker’s stock valued at $2,120,000 after purchasing an additional 66,444 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Price Performance

KE opened at $16.01 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The stock has a market capitalization of $393.13 million, a PE ratio of 50.03 and a beta of 1.21. The stock’s 50 day moving average price is $17.33 and its 200-day moving average price is $18.22. Kimball Electronics, Inc. has a 52-week low of $15.81 and a 52-week high of $24.45.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, equities research analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on KE. Lake Street Capital dropped their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.75.

Kimball Electronics Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.