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

Kewaunee Scientific Co. (NASDAQ:KEQU) VP Elizabeth D. Phillips sold 1,850 shares of the stock in a transaction on 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 directly owns 13,591 shares in the company, valued at approximately $736,224.47. This trade represents a 11.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kewaunee Scientific Trading Down 0.9 %

Kewaunee Scientific stock traded down $0.50 during midday trading on Wednesday, hitting $53.25. 11,216 shares of the stock were exchanged, compared to its average volume of 17,218. Kewaunee Scientific Co. has a 52 week low of $24.49 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 $152.93 million, a PE ratio of 8.44 and a beta of 0.80. The company has a fifty day simple moving average of $38.52 and a two-hundred day simple moving average of $42.32.

Hedge Funds Weigh In On Kewaunee Scientific

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new stake in Kewaunee Scientific during the 3rd quarter worth $121,000. Heron Bay Capital Management bought a new stake in shares of Kewaunee Scientific in the second quarter worth about $252,000. State Street Corp bought a new stake in shares of Kewaunee Scientific in the third quarter worth about $266,000. Ritholtz Wealth Management raised its position in shares of Kewaunee Scientific by 24.6% during 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 period. Finally, Geode Capital Management LLC lifted its holdings 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 valued at $792,000 after purchasing an additional 1,941 shares in the last quarter. 32.69% of the stock is owned by 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.

Kewaunee Scientific Company Profile

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.