105,545 Shares in Kewaunee Scientific Corporation $KEQU Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. purchased a new position in Kewaunee Scientific Corporation (NASDAQ:KEQU) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 105,545 shares of the technology company’s stock, valued at approximately $3,749,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bank of America Corp DE lifted its position 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 valued at $28,000 after acquiring an additional 443 shares in the last quarter. US Bancorp DE grew its position 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 worth $38,000 after purchasing an additional 400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Kewaunee Scientific during the second quarter worth about $60,000. Barclays PLC bought a new stake in Kewaunee Scientific during the 4th quarter valued at approximately $92,000. Finally, Jane Street Group LLC raised its stake in Kewaunee Scientific by 65.8% during the 1st quarter. Jane Street Group LLC now owns 8,052 shares of the technology company’s stock valued at $317,000 after purchasing an additional 3,196 shares during the period. 32.69% of the stock is owned by institutional investors.

Kewaunee Scientific Stock Up 0.6%

Shares of KEQU stock opened at $37.88 on Thursday. The company’s fifty day simple moving average is $36.53 and its two-hundred day simple moving average is $37.38. Kewaunee Scientific Corporation has a 52 week low of $33.27 and a 52 week high of $58.95. The stock has a market cap of $108.72 million, a P/E ratio of 11.76 and a beta of 0.72. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.53.

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

Analyst Ratings Changes

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