Comerica Bank lessened its stake in shares of KLX Inc. (NASDAQ:KLXI) by 9.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,538 shares of the aerospace company’s stock after selling 9,832 shares during the period. Comerica Bank owned about 0.17% of KLX worth $4,832,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of KLX by 0.3% during the second quarter. Vanguard Group Inc. now owns 4,303,889 shares of the aerospace company’s stock valued at $215,194,000 after acquiring an additional 11,596 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of KLX by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,242,416 shares of the aerospace company’s stock valued at $162,119,000 after acquiring an additional 566,921 shares in the last quarter. State Street Corp raised its stake in shares of KLX by 4.1% during the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock valued at $112,850,000 after acquiring an additional 88,952 shares in the last quarter. FMR LLC raised its stake in shares of KLX by 15.9% during the second quarter. FMR LLC now owns 1,566,933 shares of the aerospace company’s stock valued at $78,347,000 after acquiring an additional 214,625 shares in the last quarter. Finally, Paradice Investment Management LLC raised its stake in shares of KLX by 5.8% during the second quarter. Paradice Investment Management LLC now owns 1,488,910 shares of the aerospace company’s stock valued at $74,446,000 after acquiring an additional 81,200 shares in the last quarter.
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Several research firms have recently weighed in on KLXI. Zacks Investment Research downgraded shares of KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target (down previously from $55.00) on shares of KLX in a research note on Thursday, August 24th. BidaskClub downgraded shares of KLX from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $57.00 price target on shares of KLX in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $55.40.
KLX Inc. (NASDAQ KLXI) opened at $54.91 on Thursday. The company has a market cap of $2,874.26, a P/E ratio of 29.09, a P/E/G ratio of 3.33 and a beta of 1.33. KLX Inc. has a 12 month low of $38.57 and a 12 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.
KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The company had revenue of $430.60 million during the quarter, compared to the consensus estimate of $423.08 million. KLX had a net margin of 4.83% and a return on equity of 4.43%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. analysts forecast that KLX Inc. will post 2.78 EPS for the current fiscal year.
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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