Gamco Investors INC. ET AL cut its holdings in shares of KLX Inc. (NASDAQ:KLXI) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 691,733 shares of the aerospace company’s stock after selling 28,475 shares during the quarter. Gamco Investors INC. ET AL owned about 1.35% of KLX worth $36,613,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KLXI. Bank of Montreal Can raised its holdings in shares of KLX by 1.4% during the 2nd 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. Northwestern Mutual Investment Management Company LLC grew its stake in KLX by 0.6% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,105 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 56 shares in the last quarter. Sciencast Management LP grew its stake in KLX by 4.3% during the 2nd quarter. Sciencast Management LP now owns 4,714 shares of the aerospace company’s stock valued at $236,000 after purchasing an additional 196 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in KLX by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the aerospace company’s stock valued at $675,000 after purchasing an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in KLX by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after purchasing an additional 206 shares in the last quarter.
Several research analysts have recently commented on the company. Zacks Investment Research lowered KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of KLX in a report on Thursday, August 24th. Jefferies Group LLC reissued a “hold” rating and issued a $51.00 price target (down previously from $55.00) on shares of KLX in a report on Thursday, August 24th. Finally, BidaskClub downgraded KLX from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. KLX presently has an average rating of “Hold” and a consensus target price of $55.40.
Shares of KLX Inc. (KLXI) traded up $0.79 during midday trading on Friday, hitting $54.31. The company had a trading volume of 343,200 shares, compared to its average volume of 408,225. KLX Inc. has a twelve month low of $36.64 and a twelve month high of $56.69. The company has a quick ratio of 2.27, a current ratio of 7.28 and a debt-to-equity ratio of 0.52. The firm has a market cap of $2,768.23, a PE ratio of 28.02, a price-to-earnings-growth ratio of 3.21 and a beta of 1.33.
KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.06. KLX had a return on equity of 4.43% and a net margin of 4.83%. The business had revenue of $430.60 million for the quarter, compared to the consensus estimate of $423.08 million. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. sell-side analysts expect that KLX Inc. will post 2.78 EPS for the current year.
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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