BlackRock Inc. boosted its stake in Kewaunee Scientific Co. (NASDAQ:KEQU) by 125.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,088 shares of the technology company’s stock after buying an additional 15,620 shares during the quarter. BlackRock Inc.’s holdings in Kewaunee Scientific were worth $885,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. FMR LLC bought a new position in Kewaunee Scientific in the second quarter valued at approximately $401,000. Renaissance Technologies LLC grew its stake in Kewaunee Scientific by 5.2% in the second quarter. Renaissance Technologies LLC now owns 94,200 shares of the technology company’s stock valued at $3,386,000 after purchasing an additional 4,698 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in Kewaunee Scientific by 72.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,095 shares of the technology company’s stock valued at $160,000 after purchasing an additional 2,142 shares in the last quarter. Institutional investors and hedge funds own 50.32% of the company’s stock.
KEQU stock opened at $31.21 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.51 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $86.17 million, a price-to-earnings ratio of 14.02 and a beta of -0.48. Kewaunee Scientific Co. has a twelve month low of $22.00 and a twelve month high of $38.80.
Separately, ValuEngine upgraded Kewaunee Scientific from a “hold” rating to a “buy” rating in a research note on Wednesday, November 7th.
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Kewaunee Scientific Company Profile
Kewaunee Scientific Corporation designs, manufactures, and installs laboratory, healthcare, and technical furniture products. The company operates in two segments, Domestic and International. Its products include steel, wood, laminate furniture, fume hoods, biological safety cabinets, laminar flow and ductless hoods, adaptable modular and column systems, moveable workstations and carts, epoxy resin worksurfaces, sinks, and accessories and related design services.
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