KLX Target of Unusually High Options Trading (KLXI)

KLX Inc. (NASDAQ:KLXI) was the recipient of unusually large options trading activity on Monday. Traders purchased 1,873 call options on the stock. This represents an increase of approximately 1,015% compared to the average volume of 168 call options.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can grew its position in KLX by 9.5% during the 4th quarter. Bank of Montreal Can now owns 30,628 shares of the aerospace company’s stock worth $2,091,000 after purchasing an additional 2,659 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of KLX by 19.7% during the 4th quarter. Jennison Associates LLC now owns 1,022,181 shares of the aerospace company’s stock valued at $69,764,000 after buying an additional 168,160 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of KLX by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,015,363 shares of the aerospace company’s stock valued at $69,298,000 after buying an additional 30,882 shares during the period. New York State Common Retirement Fund boosted its stake in shares of KLX by 47.9% during the 3rd quarter. New York State Common Retirement Fund now owns 106,202 shares of the aerospace company’s stock valued at $5,621,000 after buying an additional 34,400 shares during the period. Finally, Pier Capital LLC acquired a new stake in shares of KLX during the 4th quarter valued at $9,047,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

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Several research analysts have issued reports on KLXI shares. BidaskClub upgraded shares of KLX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. SunTrust Banks lifted their price target on shares of KLX from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, December 27th. Buckingham Research lowered shares of KLX from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 26th. Finally, TheStreet cut shares of KLX from a “b” rating to a “c+” rating in a research report on Tuesday, March 6th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $73.00.

NASDAQ KLXI opened at $74.19 on Tuesday. KLX has a twelve month low of $45.73 and a twelve month high of $75.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.17 and a current ratio of 7.06. The company has a market cap of $3,772.53, a price-to-earnings ratio of 26.98, a PEG ratio of 3.21 and a beta of 1.18.

KLX (NASDAQ:KLXI) last posted its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share for the quarter, topping the 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 firm had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $450.87 million. KLX’s revenue was up 18.4% on a year-over-year basis. equities analysts expect that KLX will post 4.07 earnings per share for the current year.

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KLX Company Profile

KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group 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; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.

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