Insider Selling: Kewaunee Scientific Co. (NASDAQ:KEQU) VP Sells 1,850 Shares of Stock

Kewaunee Scientific Co. (NASDAQ:KEQU) VP Elizabeth D. Phillips sold 1,850 shares of Kewaunee Scientific 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 sale, the vice president now owns 13,591 shares in the company, valued at $736,224.47. This represents a 11.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Kewaunee Scientific Price Performance

Kewaunee Scientific stock opened at $53.87 on Friday. The company’s 50 day simple moving average is $39.78 and its 200-day simple moving average is $42.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.00 and a current ratio of 2.53. Kewaunee Scientific Co. has a 1 year low of $24.67 and a 1 year high of $56.95. The company has a market capitalization of $154.71 million, a price-to-earnings ratio of 8.54 and a beta of 0.80.

Analyst Upgrades and Downgrades

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

Institutional Trading of Kewaunee Scientific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Kewaunee Scientific by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 177,548 shares of the technology company’s stock worth $8,378,000 after buying an additional 6,132 shares during the period. Renaissance Technologies LLC lifted its stake in Kewaunee Scientific by 13.4% during the 2nd quarter. Renaissance Technologies LLC now owns 89,611 shares of the technology company’s stock worth $4,230,000 after acquiring an additional 10,580 shares in the last quarter. De Lisle Partners LLP lifted its stake in Kewaunee Scientific by 36.6% during the 3rd quarter. De Lisle Partners LLP now owns 42,958 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 11,511 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 1,941 shares during the period. Finally, Ritholtz Wealth Management grew its position in Kewaunee Scientific by 24.6% in the 3rd quarter. Ritholtz Wealth Management now owns 10,913 shares of the technology company’s stock valued at $363,000 after acquiring an additional 2,156 shares in the last quarter. Hedge funds and other institutional investors own 32.69% of the company’s stock.

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.