Morgan Stanley Acquires 97,696 Shares of KEMET Co. (KEM)

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Morgan Stanley boosted its holdings in KEMET Co. (NYSE:KEM) by 30.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 415,470 shares of the electronics maker’s stock after acquiring an additional 97,696 shares during the period. Morgan Stanley’s holdings in KEMET were worth $7,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KEM. Comerica Bank increased its stake in shares of KEMET by 5.7% in the third quarter. Comerica Bank now owns 55,516 shares of the electronics maker’s stock valued at $967,000 after purchasing an additional 3,010 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of KEMET by 14.0% in the third quarter. Louisiana State Employees Retirement System now owns 25,300 shares of the electronics maker’s stock valued at $469,000 after purchasing an additional 3,100 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of KEMET by 30.7% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,694 shares of the electronics maker’s stock valued at $254,000 after purchasing an additional 3,215 shares during the period. Financial Gravity Wealth Inc. increased its stake in shares of KEMET by 44.4% in the third quarter. Financial Gravity Wealth Inc. now owns 12,042 shares of the electronics maker’s stock valued at $214,000 after purchasing an additional 3,701 shares during the period. Finally, Affinity Investment Advisors LLC increased its stake in shares of KEMET by 18.9% in the third quarter. Affinity Investment Advisors LLC now owns 23,547 shares of the electronics maker’s stock valued at $437,000 after purchasing an additional 3,737 shares during the period. 80.64% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Robert G. Paul sold 11,998 shares of the firm’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $18.61, for a total transaction of $223,282.78. Following the transaction, the director now owns 82,503 shares in the company, valued at $1,535,380.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory C. Thompson acquired 11,100 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were bought at an average price of $17.97 per share, for a total transaction of $199,467.00. Following the purchase, the vice president now directly owns 105,000 shares of the company’s stock, valued at $1,886,850. The disclosure for this purchase can be found here. Insiders have sold 146,997 shares of company stock worth $2,772,480 in the last quarter. Company insiders own 2.95% of the company’s stock.

Shares of NYSE:KEM opened at $18.82 on Friday. KEMET Co. has a 52 week low of $15.55 and a 52 week high of $29.85. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 6.96 and a beta of 2.64. The company has a current ratio of 2.39, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51.

KEMET (NYSE:KEM) last announced its quarterly earnings results on Thursday, January 31st. The electronics maker reported $1.07 EPS for the quarter, beating the consensus estimate of $0.88 by $0.19. KEMET had a net margin of 8.59% and a return on equity of 32.59%. The company had revenue of $350.18 million for the quarter, compared to analyst estimates of $353.36 million. Sell-side analysts predict that KEMET Co. will post 3.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Thursday, February 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.06%. KEMET’s dividend payout ratio is presently 12.35%.

Several equities research analysts have commented on KEM shares. Zacks Investment Research lowered shares of KEMET from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. ValuEngine upgraded shares of KEMET from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

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KEMET Company Profile

KEMET Corporation manufactures and sells passive electronic components under the KEMET brand worldwide. The company operates in three segments: Solid Capacitors, Film and Electrolytic; and Electro-Magnetic, Sensors, and Actuators. It offers tantalum, aluminum polymer, and ceramic capacitors; film, paper, and wet aluminum electrolytic capacitors; electromagnetic interference filters; and electro-magnetic compatible materials and devices, piezo materials and actuators, and various types of sensors.

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Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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