Credit Agricole S A reduced its stake in Knowles Corp (NYSE:KN) by 28.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,134 shares of the company’s stock after selling 3,168 shares during the period. Credit Agricole S A’s holdings in Knowles Corp were worth $136,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Bbva Compass Bancshares Inc. purchased a new stake in Knowles Corp during the third quarter worth $151,000. Atria Investments LLC purchased a new stake in Knowles Corp during the third quarter worth $152,000. Aperio Group LLC purchased a new stake in Knowles Corp during the third quarter worth $157,000. Dynamic Technology Lab Private Ltd purchased a new stake in Knowles Corp during the fourth quarter worth $187,000. Finally, Raymond James Trust N.A. increased its stake in Knowles Corp by 3.6% in the third quarter. Raymond James Trust N.A. now owns 14,414 shares of the company’s stock worth $203,000 after buying an additional 504 shares during the period.
Shares of Knowles Corp (NYSE:KN) opened at 18.75 on Friday. The stock’s market capitalization is $1.66 billion. The stock’s 50 day moving average price is $18.78 and its 200-day moving average price is $16.46. Knowles Corp has a 1-year low of $12.06 and a 1-year high of $19.82.
Knowles Corp (NYSE:KN) last announced its quarterly earnings data on Monday, February 6th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Knowles Corp had a positive return on equity of 6.44% and a negative net margin of 4.92%. The business earned $240.60 million during the quarter, compared to analysts’ expectations of $235.14 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Knowles Corp will post $1.04 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on KN shares. Zacks Investment Research downgraded Knowles Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Susquehanna Bancshares Inc raised Knowles Corp from a “negative” rating to a “neutral” rating and raised their price target for the stock from $14.00 to $16.00 in a research note on Thursday, January 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Knowles Corp presently has a consensus rating of “Buy” and a consensus target price of $17.38.
In related news, CEO Jeffrey Niew sold 3,217 shares of Knowles Corp stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $18.34, for a total transaction of $58,999.78. Following the completion of the sale, the chief executive officer now directly owns 362,946 shares of the company’s stock, valued at $6,656,429.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John S. Anderson sold 2,198 shares of Knowles Corp stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $19.33, for a total value of $42,487.34. Following the sale, the chief financial officer now directly owns 89,198 shares of the company’s stock, valued at $1,724,197.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,084 shares of company stock valued at $919,942. 1.49% of the stock is owned by insiders.
Knowles Corp Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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