KBC Group NV lessened its holdings in KLX Inc (NASDAQ:KLXI) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,716 shares of the aerospace company’s stock after selling 1,640 shares during the period. KBC Group NV’s holdings in KLX were worth $3,052,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in KLXI. State Street Corp lifted its position in shares of KLX by 4.1% in the 2nd quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock worth $112,850,000 after purchasing an additional 88,952 shares during the period. Verition Fund Management LLC purchased a new stake in shares of KLX in the 2nd quarter worth approximately $322,000. Crossmark Global Holdings Inc. purchased a new stake in shares of KLX in the 3rd quarter worth approximately $473,000. Victory Capital Management Inc. purchased a new stake in shares of KLX in the 3rd quarter worth approximately $205,000. Finally, Emerald Advisers Inc. PA lifted its position in shares of KLX by 3.7% in the 3rd quarter. Emerald Advisers Inc. PA now owns 641,967 shares of the aerospace company’s stock worth $33,979,000 after purchasing an additional 23,050 shares during the period.
In related news, VP Heather Floyd sold 2,024 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $61.00, for a total transaction of $123,464.00. Following the completion of the sale, the vice president now owns 13,811 shares of the company’s stock, valued at $842,471. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore L. Weise sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $60.69, for a total transaction of $121,380.00. Following the sale, the director now directly owns 7,083 shares of the company’s stock, valued at approximately $429,867.27. The disclosure for this sale can be found here. Corporate insiders own 1.77% of the company’s stock.
Shares of KLX Inc (NASDAQ KLXI) opened at $68.54 on Tuesday. KLX Inc has a 52-week low of $42.45 and a 52-week high of $72.53. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.21 and a current ratio of 6.91. The company has a market cap of $3,451.99, a P/E ratio of 30.60, a P/E/G ratio of 3.29 and a beta of 1.26.
KLX (NASDAQ:KLXI) last posted its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.10. KLX had a net margin of 4.99% and a return on equity of 5.14%. The company had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. The business’s revenue was up 17.4% compared to the same quarter last year. equities analysts forecast that KLX Inc will post 2.86 EPS for the current fiscal year.
Several brokerages have recently weighed in on KLXI. Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a research report on Saturday. BidaskClub cut shares of KLX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 7th. SunTrust Banks reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $65.00) on shares of KLX in a research report on Tuesday, January 2nd. Buckingham Research cut shares of KLX from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 26th. Finally, Jefferies Group reissued a “hold” rating and set a $63.00 target price on shares of KLX in a research report on Tuesday, December 26th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $67.00.
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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