KLX Inc. (NASDAQ:KLXI) VP Heather Floyd sold 403 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $35.05, for a total value of $14,125.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of KLX Inc. (NASDAQ:KLXI) opened at 34.53 on Wednesday. The stock’s market capitalization is $1.82 billion. The company has a 50-day moving average price of $35.34 and a 200-day moving average price of $33.34. KLX Inc. has a 52-week low of $25.33 and a 52-week high of $41.00.
KLX (NASDAQ:KLXI) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.22. The business had revenue of $391.40 million for the quarter, compared to analysts’ expectations of $402.30 million. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. On average, equities analysts anticipate that KLX Inc. will post $0.92 earnings per share for the current year.
A number of equities analysts have issued reports on KLXI shares. Zacks Investment Research upgraded KLX from a “strong sell” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, July 26th. Jefferies Group restated a “hold” rating on shares of KLX in a report on Friday, August 5th. Finally, KeyCorp upgraded KLX from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a report on Friday, June 17th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.78.
A number of institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC boosted its position in shares of KLX by 76.4% in the second quarter. LS Investment Advisors LLC now owns 3,218 shares of the company’s stock worth $100,000 after buying an additional 1,394 shares during the period. Creative Planning boosted its position in shares of KLX by 0.3% in the second quarter. Creative Planning now owns 3,600 shares of the company’s stock worth $112,000 after buying an additional 10 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of KLX during the second quarter worth approximately $114,000. Amalgamated Bank bought a new position in shares of KLX during the second quarter worth approximately $222,000. Finally, 1st Global Advisors Inc. boosted its position in shares of KLX by 3.4% in the second quarter. 1st Global Advisors Inc. now owns 7,047 shares of the company’s stock worth $218,000 after buying an additional 230 shares during the period. 99.44% of the stock is currently owned by institutional investors and hedge funds.
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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