Elizabeth D. Phillips Sells 1,850 Shares of Kewaunee Scientific Co. (NASDAQ:KEQU) Stock

Kewaunee Scientific Co. (NASDAQ:KEQU) VP Elizabeth D. Phillips sold 1,850 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $54.17, for a total value of $100,214.50. Following the completion of the transaction, the vice president now owns 13,591 shares in the company, valued at $736,224.47. The trade was a 11.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kewaunee Scientific Stock Performance

Shares of NASDAQ:KEQU opened at $54.93 on Friday. The firm has a fifty day simple moving average of $39.37 and a two-hundred day simple moving average of $42.48. Kewaunee Scientific Co. has a 52 week low of $24.67 and a 52 week high of $56.95. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $157.76 million, a P/E ratio of 8.71 and a beta of 0.80.

Institutional Trading of Kewaunee Scientific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in shares of Kewaunee Scientific by 8.9% during the 3rd quarter. Geode Capital Management LLC now owns 23,784 shares of the technology company’s stock worth $792,000 after acquiring an additional 1,941 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Kewaunee Scientific by 24.6% in the third quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock worth $363,000 after purchasing an additional 2,156 shares during the last quarter. Barclays PLC bought a new position in Kewaunee Scientific in the 3rd quarter worth about $121,000. Heron Bay Capital Management purchased a new position in Kewaunee Scientific during the 2nd quarter worth $252,000. Finally, Dimensional Fund Advisors LP lifted its stake in Kewaunee Scientific by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after acquiring an additional 6,132 shares during the period. 32.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Kewaunee Scientific from a “hold” rating to a “buy” rating in a report on Wednesday.

About Kewaunee Scientific

Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture and infrastructure products. The company operates through two segments, Domestic and International. Its products include steel and wood casework, fume hoods, adaptable modular systems, moveable workstations, stand-alone benches, biological safety cabinets, and epoxy resin work surfaces and sinks.