Golden Gate Private Equity Inc. lifted its position in KLX Inc. (NASDAQ:KLXI) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,513 shares of the aerospace company’s stock after buying an additional 8,000 shares during the period. KLX comprises 4.0% of Golden Gate Private Equity Inc.’s portfolio, making the stock its 10th largest holding. Golden Gate Private Equity Inc. owned about 0.19% of KLX worth $5,108,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in KLX by 1.4% during the second 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 last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of KLX by 0.6% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,105 shares of the aerospace company’s stock worth $282,000 after purchasing an additional 56 shares in the last quarter. Sciencast Management LP increased its stake in shares of KLX by 4.3% in the second quarter. Sciencast Management LP now owns 4,714 shares of the aerospace company’s stock worth $236,000 after purchasing an additional 196 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of KLX by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the aerospace company’s stock worth $675,000 after purchasing an additional 200 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of KLX by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock worth $118,000 after purchasing an additional 206 shares in the last quarter.
KLX Inc. (KLXI) traded up $1.75 during mid-day trading on Thursday, reaching $60.75. 979,303 shares of the company were exchanged, compared to its average volume of 408,809. The firm has a market cap of $2,788.40, a PE ratio of 28.23, a PEG ratio of 3.23 and a beta of 1.31. 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 Inc. has a one year low of $42.45 and a one year high of $61.66.
KLX (NASDAQ:KLXI) last released its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.10. KLX had a net margin of 4.83% and a return on equity of 4.43%. The company had revenue of $456.70 million during 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. sell-side analysts anticipate that KLX Inc. will post 2.78 earnings per share for the current year.
A number of brokerages recently weighed in on KLXI. SunTrust Banks upped their target price on shares of KLX to $65.00 in a research report on Thursday. Cowen reiterated a “buy” rating and set a $57.00 price objective on shares of KLX in a research report on Wednesday. BidaskClub lowered shares of KLX from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered shares of KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded shares of KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.80.
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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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