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.
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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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