Punch & Associates Investment Management Inc. Grows Stock Position in Kewaunee Scientific Corporation $KEQU

Punch & Associates Investment Management Inc. increased its stake in Kewaunee Scientific Corporation (NASDAQ:KEQU) by 23.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,702 shares of the technology company’s stock after acquiring an additional 18,867 shares during the period. Punch & Associates Investment Management Inc.’s holdings in Kewaunee Scientific were worth $3,451,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP grew its position in Kewaunee Scientific by 3.4% during the 2nd quarter. First Trust Advisors LP now owns 6,726 shares of the technology company’s stock worth $395,000 after acquiring an additional 222 shares during the last quarter. Geode Capital Management LLC lifted its position in Kewaunee Scientific by 0.9% in the second quarter. Geode Capital Management LLC now owns 24,013 shares of the technology company’s stock valued at $1,410,000 after purchasing an additional 223 shares during the last quarter. State Street Corp boosted its stake in shares of Kewaunee Scientific by 4.2% during the fourth quarter. State Street Corp now owns 10,034 shares of the technology company’s stock valued at $375,000 after purchasing an additional 400 shares during the period. US Bancorp DE boosted its stake in shares of Kewaunee Scientific by 80.0% during the third quarter. US Bancorp DE now owns 900 shares of the technology company’s stock valued at $38,000 after purchasing an additional 400 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Kewaunee Scientific by 2,605.9% in the fourth quarter. Bank of America Corp DE now owns 460 shares of the technology company’s stock worth $28,000 after purchasing an additional 443 shares during the last quarter. 32.69% of the stock is currently owned by hedge funds and other institutional investors.

Kewaunee Scientific Stock Up 0.2%

Shares of Kewaunee Scientific stock opened at $36.42 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.55 and a debt-to-equity ratio of 0.53. Kewaunee Scientific Corporation has a 12-month low of $33.27 and a 12-month high of $60.89. The company has a market cap of $104.53 million, a P/E ratio of 11.31 and a beta of 0.71. The company’s fifty day simple moving average is $37.52 and its two-hundred day simple moving average is $37.75.

Kewaunee Scientific (NASDAQ:KEQU) last posted its earnings results on Tuesday, June 23rd. The technology company reported $1.14 EPS for the quarter. The firm had revenue of $71.40 million during the quarter. Kewaunee Scientific had a net margin of 3.41% and a return on equity of 14.10%. During the same period in the prior year, the business posted $1.95 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kewaunee Scientific in a research note on Tuesday, June 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently 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.