KLX (NASDAQ:KLXI) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.
A number of other analysts have also weighed in on KLXI. Cowen reiterated a “buy” rating and issued a $57.00 target price on shares of KLX in a research note on Thursday, October 19th. Zacks Investment Research upgraded KLX from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine lowered KLX from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks raised their price target on KLX to $65.00 in a research note on Thursday, December 7th. Finally, Jefferies Group restated a “hold” rating and set a $63.00 price target on shares of KLX in a research note on Tuesday, December 26th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. KLX currently has a consensus rating of “Buy” and a consensus target price of $64.80.
Shares of KLX (KLXI) opened at $70.71 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.91 and a quick ratio of 2.21. KLX has a 52 week low of $42.45 and a 52 week high of $71.20. The firm has a market capitalization of $3,570.00, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 4.02 and a beta of 1.32.
KLX (NASDAQ:KLXI) last released its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.10. KLX had a return on equity of 5.14% and a net margin of 4.99%. The business had revenue of $456.70 million for the quarter, compared to analyst estimates of $442.26 million. The company’s revenue was up 17.4% on a year-over-year basis. sell-side analysts expect that KLX will post 2.85 EPS for the current year.
In other KLX news, Director Theodore L. Weise sold 2,000 shares of KLX stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the transaction, the director now owns 7,083 shares in the company, valued at $429,867.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Heather Floyd sold 2,024 shares of KLX stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $61.00, for a total value of $123,464.00. Following the completion of the transaction, the vice president now owns 13,811 shares in the company, valued at approximately $842,471. The disclosure for this sale can be found here. 1.77% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of KLXI. Dimensional Fund Advisors LP grew its stake in KLX by 21.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,242,416 shares of the aerospace company’s stock valued at $162,119,000 after purchasing an additional 566,921 shares during the last quarter. FMR LLC grew its stake in KLX by 15.9% in the second quarter. FMR LLC now owns 1,566,933 shares of the aerospace company’s stock valued at $78,347,000 after purchasing an additional 214,625 shares during the last quarter. Bank of New York Mellon Corp grew its stake in KLX by 15.6% in the third quarter. Bank of New York Mellon Corp now owns 984,481 shares of the aerospace company’s stock valued at $52,108,000 after purchasing an additional 132,982 shares during the last quarter. Royce & Associates LP purchased a new position in KLX in the third quarter valued at about $6,997,000. Finally, Macquarie Group Ltd. grew its stake in KLX by 20.5% in the second quarter. Macquarie Group Ltd. now owns 745,847 shares of the aerospace company’s stock valued at $37,292,000 after purchasing an additional 126,690 shares during the last quarter.
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KLX Company Profile
KLX Inc (KLX) is the distributor and service provider of aerospace fasteners and consumables. The Company offers ranges of aerospace hardware and consumables and inventory management services across the world. The Company operates through two segments: Aerospace Solutions Group (ASG) and Energy Services Group (ESG).
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