Credit Agricole S A lowered its stake in Knowles Corp (NYSE:KN) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,134 shares of the communications equipment provider’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 SEC filing.
Other large investors have also bought and sold shares of the company. Bbva Compass Bancshares Inc. bought a new position in Knowles Corp during the third quarter worth $151,000. Atria Investments LLC acquired a new stake in shares of Knowles Corp during the third quarter worth approximately $152,000. Aperio Group LLC acquired a new stake in shares of Knowles Corp during the third quarter worth approximately $157,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Knowles Corp during the fourth quarter worth approximately $187,000. Finally, Raymond James Trust N.A. boosted its stake in shares of Knowles Corp by 3.6% in the third quarter. Raymond James Trust N.A. now owns 14,414 shares of the communications equipment provider’s stock worth $203,000 after buying an additional 504 shares during the last quarter.
Shares of Knowles Corp (NYSE:KN) traded down 2.12% during trading on Friday, hitting $18.92. 475,987 shares of the stock were exchanged. Knowles Corp has a 52-week low of $12.06 and a 52-week high of $19.82. The firm has a 50 day moving average of $18.71 and a 200-day moving average of $17.11. The stock’s market cap is $1.68 billion.
Knowles Corp (NYSE:KN) last released its earnings results on Monday, February 6th. The communications equipment provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The company earned $240.60 million during the quarter, compared to the consensus estimate of $235.14 million. Knowles Corp had a positive return on equity of 6.44% and a negative net margin of 4.92%. Knowles Corp’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 EPS. Equities research analysts anticipate that Knowles Corp will post $1.04 earnings per share for the current fiscal year.
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KN has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Knowles Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Susquehanna Bancshares Inc upgraded shares of Knowles Corp from a “negative” rating to a “neutral” rating and upped their price target for the company from $14.00 to $16.00 in a research note on Thursday, January 12th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Knowles Corp presently has an average rating of “Hold” and an average target price of $17.38.
In other Knowles Corp news, CFO John S. Anderson sold 2,198 shares of Knowles Corp stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $19.33, for a total value of $42,487.34. Following the completion of the transaction, the chief financial officer now directly owns 89,198 shares of the company’s stock, valued at approximately $1,724,197.34. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey Niew sold 11,727 shares of Knowles Corp stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $19.33, for a total value of $226,682.91. Following the completion of the transaction, the chief executive officer now directly owns 306,371 shares of the company’s stock, valued at $5,922,151.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,084 shares of company stock valued at $919,942. 1.49% of the stock is currently owned by corporate 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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