Zeke Capital Advisors LLC Invests $290,000 in KLX Inc (KLXI)

Zeke Capital Advisors LLC acquired a new position in shares of KLX Inc (NASDAQ:KLXI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,243 shares of the aerospace company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of KLX by 5.0% during the fourth quarter. BlackRock Inc. now owns 6,876,627 shares of the aerospace company’s stock worth $469,328,000 after buying an additional 324,638 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of KLX by 9.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock worth $188,030,000 after buying an additional 310,002 shares in the last quarter. Paradice Investment Management LLC increased its holdings in shares of KLX by 2.6% during the third quarter. Paradice Investment Management LLC now owns 1,528,146 shares of the aerospace company’s stock worth $80,885,000 after buying an additional 39,236 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of KLX by 19.7% during the fourth quarter. Jennison Associates LLC now owns 1,022,181 shares of the aerospace company’s stock worth $69,764,000 after buying an additional 168,160 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of KLX by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,015,363 shares of the aerospace company’s stock worth $69,298,000 after buying an additional 30,882 shares in the last quarter. 98.44% of the stock is owned by institutional investors.

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Several research firms have recently weighed in on KLXI. Zacks Investment Research raised shares of KLX from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Thursday, March 15th. TheStreet cut shares of KLX from a “b” rating to a “c+” rating in a research note on Tuesday, March 6th. Jefferies Group raised shares of KLX from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub raised shares of KLX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. KLX has a consensus rating of “Buy” and a consensus target price of $68.00.

KLX Inc (NASDAQ KLXI) traded up $0.88 on Tuesday, hitting $71.93. 12,542 shares of the stock traded hands, compared to its average volume of 401,642. KLX Inc has a twelve month low of $42.45 and a twelve month high of $73.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.06 and a quick ratio of 2.17. The company has a market capitalization of $3,601.07, a PE ratio of 26.68, a P/E/G ratio of 3.09 and a beta of 1.26.

KLX (NASDAQ:KLXI) last released its quarterly earnings results on Tuesday, March 6th. The aerospace company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.19. KLX had a net margin of 3.07% and a return on equity of 6.03%. The business had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $450.87 million. KLX’s revenue for the quarter was up 18.4% compared to the same quarter last year. sell-side analysts anticipate that KLX Inc will post 4.07 EPS for the current fiscal year.

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KLX Company Profile

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.

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Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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