OppenheimerFunds Inc. decreased its position in KLX Inc (NASDAQ:KLXI) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,434 shares of the aerospace company’s stock after selling 1,236 shares during the quarter. OppenheimerFunds Inc.’s holdings in KLX were worth $576,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of KLX by 5.0% in the 4th quarter. BlackRock Inc. now owns 6,876,627 shares of the aerospace company’s stock valued at $469,328,000 after purchasing an additional 324,638 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of KLX by 9.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock valued at $188,030,000 after purchasing an additional 310,002 shares during the period. Paradice Investment Management LLC raised its stake in shares of KLX by 2.6% in the 3rd quarter. Paradice Investment Management LLC now owns 1,528,146 shares of the aerospace company’s stock valued at $80,885,000 after purchasing an additional 39,236 shares during the period. Jennison Associates LLC raised its stake in shares of KLX by 19.7% in the 4th quarter. Jennison Associates LLC now owns 1,022,181 shares of the aerospace company’s stock valued at $69,764,000 after purchasing an additional 168,160 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of KLX by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,015,363 shares of the aerospace company’s stock valued at $69,298,000 after purchasing an additional 30,882 shares during the period. 98.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KLXI stock opened at $70.39 on Wednesday. The company has a quick ratio of 2.17, a current ratio of 7.06 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $3,605.08, a PE ratio of 67.68, a P/E/G ratio of 3.07 and a beta of 1.26. KLX Inc has a 12-month low of $42.45 and a 12-month high of $73.21.
KLX (NASDAQ:KLXI) last released its earnings results on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $442.20 million for the quarter, compared to the consensus estimate of $450.87 million. KLX had a return on equity of 6.03% and a net margin of 3.07%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. research analysts expect that KLX Inc will post 4.07 EPS for the current year.
Several analysts have issued reports on the company. BidaskClub downgraded KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded KLX from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. SunTrust Banks lifted their price target on KLX to $65.00 in a research note on Thursday, December 7th. Finally, Cowen reaffirmed a “buy” rating and issued a $57.00 target price on shares of KLX in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. KLX currently has an average rating of “Buy” and an average target price of $68.00.
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.
Receive News & Ratings for KLX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX and related companies with MarketBeat.com's FREE daily email newsletter.