Strs Ohio Has $559,000 Holdings in KEMET Co. (KEM)

Strs Ohio lowered its stake in KEMET Co. (NYSE:KEM) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,900 shares of the electronics maker’s stock after selling 11,000 shares during the quarter. Strs Ohio’s holdings in KEMET were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in KEMET by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,003,590 shares of the electronics maker’s stock worth $24,237,000 after purchasing an additional 46,047 shares during the period. Man Group plc boosted its stake in KEMET by 62.0% in the 3rd quarter. Man Group plc now owns 202,957 shares of the electronics maker’s stock worth $3,765,000 after purchasing an additional 77,700 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in KEMET by 30.7% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,694 shares of the electronics maker’s stock worth $254,000 after purchasing an additional 3,215 shares during the period. MetLife Investment Advisors LLC boosted its stake in KEMET by 51.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 39,160 shares of the electronics maker’s stock worth $726,000 after purchasing an additional 13,362 shares during the period. Finally, LSV Asset Management boosted its stake in KEMET by 18.1% in the 3rd quarter. LSV Asset Management now owns 536,165 shares of the electronics maker’s stock worth $9,945,000 after purchasing an additional 82,300 shares during the period. Institutional investors and hedge funds own 80.64% of the company’s stock.

Several brokerages have commented on KEM. ValuEngine downgraded KEMET from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Zacks Investment Research downgraded KEMET from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th.

Shares of KEM traded up $0.26 during trading hours on Monday, reaching $18.33. 4,261 shares of the company’s stock traded hands, compared to its average volume of 1,685,752. The company has a market cap of $1.04 billion, a PE ratio of 11.32 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 Co. has a 12 month low of $15.55 and a 12 month high of $29.85.

KEMET (NYSE:KEM) last issued its quarterly earnings results on Thursday, January 31st. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.19. The firm had revenue of $350.18 million during the quarter, compared to the consensus estimate of $353.36 million. KEMET had a return on equity of 32.59% and a net margin of 8.59%. As a group, analysts predict that KEMET Co. will post 3.24 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 25th. Stockholders of record on Thursday, February 14th will be given 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 1.09%. KEMET’s dividend payout ratio (DPR) is presently 12.35%.

In other news, CFO William M. Lowe, Jr. sold 100,000 shares of KEMET stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $18.99, for a total transaction of $1,899,000.00. Following the completion of the sale, the chief financial officer now owns 255,332 shares in the company, valued at approximately $4,848,754.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Charles C. Meeks, Jr. sold 25,000 shares of KEMET stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $18.35, for a total value of $458,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,997 shares of company stock valued at $2,772,480. Corporate insiders own 2.95% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Strs Ohio Has $559,000 Holdings in KEMET Co. (KEM)” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2019/02/11/strs-ohio-has-559000-holdings-in-kemet-co-kem.html.

KEMET 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.

Featured Story: What is a short straddle?

Want to see what other hedge funds are holding KEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KEMET Co. (NYSE:KEM).

Institutional Ownership by Quarter for KEMET (NYSE:KEM)

Receive News & Ratings for KEMET Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KEMET and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply