Strs Ohio raised its position in shares of KLX Inc (NASDAQ:KLXI) by 32.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,900 shares of the aerospace company’s stock after buying an additional 1,200 shares during the quarter. Strs Ohio’s holdings in KLX were worth $334,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KLXI. Dimensional Fund Advisors LP lifted its position in KLX by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock valued at $188,030,000 after buying an additional 310,002 shares during the period. Bank of New York Mellon Corp lifted its position in KLX by 15.6% during 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 buying an additional 132,982 shares during the period. Royce & Associates LP purchased a new position in KLX during the third quarter valued at $6,997,000. State Street Corp lifted its position in KLX by 4.1% during the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock valued at $112,850,000 after buying an additional 88,952 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in KLX during the third quarter valued at $3,597,000.
In other KLX news, VP Heather Floyd sold 2,024 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was 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 of the company’s stock, valued at approximately $842,471. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Theodore L. Weise sold 2,000 shares of the business’s 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 completion of the transaction, the director now directly owns 7,083 shares of the company’s stock, valued at approximately $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by insiders.
KLX Inc (KLXI) traded up $0.97 on Monday, hitting $68.54. The stock had a trading volume of 614,100 shares, compared to its average volume of 398,997. The company has a current ratio of 6.91, a quick ratio of 2.21 and a debt-to-equity ratio of 0.52. The stock has a market cap of $3,451.99, a price-to-earnings ratio of 30.60, a PEG ratio of 3.29 and a beta of 1.26. KLX Inc has a 12-month low of $42.45 and a 12-month high of $72.53.
KLX (NASDAQ:KLXI) last posted its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.10. The firm had revenue of $456.70 million during the quarter, compared to analyst estimates of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The company’s quarterly revenue was up 17.4% on a year-over-year basis. equities analysts anticipate that KLX Inc will post 2.86 EPS for the current fiscal year.
KLXI has been the subject of several recent research reports. SunTrust Banks raised their price objective on KLX to $65.00 in a research report on Thursday, December 7th. BidaskClub raised KLX from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Cowen reissued a “buy” rating and set a $67.00 price objective on shares of KLX in a research report on Thursday, December 14th. Zacks Investment Research raised KLX from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $63.00 price target on shares of KLX in a research report on Tuesday, December 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $67.00.
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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