LS Investment Advisors LLC boosted its stake in KLX Inc. (NASDAQ:KLXI) by 15.9% during the second quarter, according to its most recent filing with the SEC. The firm 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 quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KLXI. Oregon Public Employees Retirement Fund boosted its position in shares of KLX by 4.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 19,082 shares of the aerospace company’s stock worth $954,000 after buying an additional 792 shares during the last quarter. OLD National Bancorp IN acquired a new stake in KLX during the second quarter valued at $285,000. Bank of Montreal Can raised its stake in KLX by 1.4% in the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after buying an additional 43 shares during the period. Capstone Asset Management Co. raised its stake in KLX by 6.5% in the second quarter. Capstone Asset Management Co. now owns 8,327 shares of the aerospace company’s stock valued at $416,000 after buying an additional 510 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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.
Shares of KLX Inc. (NASDAQ:KLXI) traded up 1.4148% during midday trading on Thursday, reaching $50.4133. The company had a trading volume of 144,328 shares. KLX Inc. has a one year low of $32.23 and a one year high of $54.40. The company has a 50-day moving average price of $51.40 and a 200 day moving average price of $48.85. The company has a market capitalization of $2.61 billion, a P/E ratio of 40.9864 and a beta of 1.28.
KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. KLX had a net margin of 4.24% and a return on equity of 3.99%. The company had revenue of $411.30 million during the quarter, compared to analysts’ expectations of $409.95 million. Equities analysts anticipate that KLX Inc. will post $3.08 earnings per share for the current fiscal year.
A number of analysts have recently commented on KLXI shares. Cowen and Company reissued an “outperform” rating and set a $52.00 price target on shares of KLX in a research note on Wednesday, April 19th. Deutsche Bank AG lifted their price target on KLX from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Zacks Investment Research raised KLX from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Saturday, April 22nd. TheStreet upgraded KLX from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. Finally, BidaskClub upgraded KLX from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. KLX presently has a consensus rating of “Buy” and a consensus price target 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 value of $116,721.90. Following the completion of the transaction, the insider now owns 21,444 shares of the company’s stock, valued at approximately $1,022,878.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 3,163 shares of company stock valued at $153,553 in the last three months. 1.77% of the stock is currently owned by corporate insiders.
About KLX
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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