LS Investment Advisors LLC raised its position in KLX Inc. (NASDAQ:KLXI) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,097 shares of the aerospace company’s stock after buying an additional 561 shares during the period. LS Investment Advisors LLC’s holdings in KLX were worth $205,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of KLXI. BlackRock Inc. raised its position in KLX by 16,238.1% in the first quarter. BlackRock Inc. now owns 6,303,731 shares of the aerospace company’s stock worth $281,777,000 after buying an additional 6,265,148 shares during the last quarter. Vanguard Group Inc. raised its position in KLX by 4.9% in the first quarter. Vanguard Group Inc. now owns 4,292,293 shares of the aerospace company’s stock worth $191,865,000 after buying an additional 201,203 shares during the last quarter. Dimensional Fund Advisors LP raised its position in KLX by 36.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,675,495 shares of the aerospace company’s stock worth $119,593,000 after buying an additional 708,731 shares during the last quarter. Goldman Sachs Group Inc. raised its position in KLX by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,620,065 shares of the aerospace company’s stock worth $117,117,000 after buying an additional 1,009,575 shares during the last quarter. Finally, State Street Corp raised its position in KLX by 11.3% in the first quarter. State Street Corp now owns 2,167,821 shares of the aerospace company’s stock worth $96,904,000 after buying an additional 219,261 shares during the last quarter.
Shares of KLX Inc. (KLXI) traded down 0.06% during trading on Monday, reaching $52.12. The company had a trading volume of 41,753 shares. The firm has a 50 day moving average price of $50.68 and a 200 day moving average price of $48.63. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 42.37 and a beta of 1.28. KLX Inc. has a 12 month low of $31.90 and a 12 month high of $53.13.
KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm had revenue of $411.30 million during the quarter, compared to the consensus estimate of $409.95 million. KLX had a net margin of 4.24% and a return on equity of 3.99%. Analysts predict that KLX Inc. will post $3.09 earnings per share for the current year.
A number of equities analysts have recently commented on KLXI shares. BidaskClub upgraded KLX from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded KLX from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Saturday, July 1st. Deutsche Bank AG lifted their price objective on KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company reiterated a “buy” rating and issued a $52.00 price objective on shares of KLX in a research note on Monday, July 17th. Finally, TheStreet upgraded KLX from a “c+” rating to a “b-” rating in a research note on Wednesday, June 7th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. KLX has an average rating of “Buy” and an average target price of $55.40.
In other KLX news, insider Roger Mark Franks sold 2,447 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $47.70, for a total transaction of $116,721.90. Following the completion of the sale, the insider now directly owns 21,444 shares in the company, valued at $1,022,878.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 3,163 shares of company stock valued at $153,553 over the last 90 days. Company insiders own 1.77% of the company’s stock.
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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