Quantitative Investment Management LLC acquired a new position in KLX Inc (NASDAQ:KLXI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 63,000 shares of the aerospace company’s stock, valued at approximately $4,299,000. Quantitative Investment Management LLC owned about 0.13% of KLX at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of KLX by 5.0% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of KLX by 9.6% in 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 during the last quarter. Paradice Investment Management LLC lifted its stake in shares of KLX by 2.6% in 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 during the last quarter. Jennison Associates LLC lifted its stake in shares of KLX by 19.7% in 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 during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of KLX by 3.1% in 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 during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.
Several research firms recently commented on KLXI. BidaskClub upgraded shares of KLX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 30th. TheStreet cut shares of KLX from a “b” rating to a “c+” rating in a research note on Tuesday, March 6th. Jefferies Group upgraded shares of KLX from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $68.00.
NASDAQ:KLXI opened at $69.69 on Friday. The firm has a market cap of $3,517.81, a P/E ratio of 25.34, a P/E/G ratio of 2.99 and a beta of 1.18. KLX Inc has a one year low of $44.14 and a one year high of $73.21. The company has a quick ratio of 2.17, a current ratio of 7.06 and a debt-to-equity ratio of 0.52.
KLX (NASDAQ:KLXI) last announced its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. KLX had a net margin of 3.07% and a return on equity of 6.03%. The company had revenue of $442.20 million during the quarter, compared to analysts’ expectations of $450.87 million. The business’s quarterly revenue was up 18.4% on a year-over-year basis. analysts forecast that KLX Inc will post 4.07 earnings per share 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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