Zeke Capital Advisors LLC purchased a new position in KLX Inc (NASDAQ:KLXI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,243 shares of the aerospace company’s stock, valued at approximately $290,000.
A number of other large investors have also bought and sold shares of the stock. LPL Financial LLC acquired a new position in KLX in the fourth quarter worth about $206,000. Flinton Capital Management LLC raised its position in KLX by 18.3% in the fourth quarter. Flinton Capital Management LLC now owns 7,480 shares of the aerospace company’s stock worth $510,000 after purchasing an additional 1,156 shares in the last quarter. Elkfork Partners LLC acquired a new position in KLX in the fourth quarter worth about $420,000. Teachers Advisors LLC raised its position in KLX by 1.2% in the fourth quarter. Teachers Advisors LLC now owns 93,875 shares of the aerospace company’s stock worth $6,407,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in KLX in the fourth quarter worth about $1,218,000. 98.44% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on KLXI. Zacks Investment Research raised shares of KLX from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Thursday, March 15th. TheStreet lowered shares of KLX from a “b” rating to a “c+” rating in a research report on Tuesday, March 6th. Jefferies Group raised shares of KLX from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, BidaskClub raised shares of KLX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. KLX has a consensus rating of “Buy” and a consensus price target of $68.00.
KLX Inc (NASDAQ KLXI) traded up $0.88 during midday trading on Tuesday, hitting $71.93. 12,542 shares of the stock traded hands, compared to its average volume of 401,642. The firm has a market capitalization of $3,601.07, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 3.09 and a beta of 1.26. The company has a current ratio of 7.06, a quick ratio of 2.17 and a debt-to-equity ratio of 0.52. KLX Inc has a 12 month low of $42.45 and a 12 month high of $73.21.
KLX (NASDAQ:KLXI) last posted its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.19. The company had revenue of $442.20 million during the quarter, compared to analyst estimates of $450.87 million. KLX had a net margin of 3.07% and a return on equity of 6.03%. The business’s revenue was up 18.4% on a year-over-year basis. research analysts expect that KLX Inc will post 4.07 earnings per share for the current year.
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KLX Company Profile
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. It operates in two segments, Aerospace Solutions Group (ASG) and Energy Services Group (ESG). The ASG segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; and bearings, tooling, electrical components, and clamps.
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