New Mexico Educational Retirement Board acquired a new position in shares of KLX Inc (NASDAQ:KLXI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,700 shares of the aerospace company’s stock, valued at approximately $867,000.
Other institutional investors have also recently modified their holdings of the company. Creative Planning bought a new stake in KLX during the fourth quarter worth about $201,000. Victory Capital Management Inc. bought a new stake in KLX during the third quarter worth about $205,000. Cubist Systematic Strategies LLC bought a new stake in KLX during the third quarter worth about $217,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in KLX by 44.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,428 shares of the aerospace company’s stock worth $234,000 after buying an additional 1,060 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in KLX during the fourth quarter worth about $235,000.
In other 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 sale, the vice president now directly owns 13,811 shares of the company’s stock, valued at $842,471. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 in the company, valued at $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by corporate insiders.
Shares of KLX Inc (NASDAQ:KLXI) opened at $69.13 on Friday. 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 $3,481.73, a P/E ratio of 30.86, a PEG ratio of 3.31 and a beta of 1.26.
KLX (NASDAQ:KLXI) last released its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $456.70 million for the quarter, compared to analysts’ expectations of $442.26 million. KLX’s revenue for the quarter was up 17.4% compared to the same quarter last year. analysts anticipate that KLX Inc will post 2.86 EPS for the current fiscal year.
KLXI has been the topic of several research analyst reports. Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. BidaskClub raised shares of KLX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 30th. SunTrust Banks upped their price objective on shares of KLX from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Buckingham Research cut shares of KLX from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 26th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $63.00 price objective on shares of KLX in a research note on Tuesday, December 26th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $67.40.
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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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