KLX Inc (KLXI) Shares Sold by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its holdings in KLX Inc (NASDAQ:KLXI) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 167,449 shares of the aerospace company’s stock after selling 1,692 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in KLX were worth $11,428,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KLXI. Bank of Montreal Can lifted its position in KLX by 9.5% during the fourth quarter. Bank of Montreal Can now owns 30,628 shares of the aerospace company’s stock valued at $2,091,000 after buying an additional 2,659 shares during the period. Legal & General Group Plc lifted its position in KLX by 7.7% during the third quarter. Legal & General Group Plc now owns 76,126 shares of the aerospace company’s stock valued at $4,032,000 after buying an additional 5,435 shares during the period. Jennison Associates LLC lifted its position in KLX by 19.7% during the fourth 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. New York State Common Retirement Fund lifted its position in KLX by 47.9% during the third 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, SG Americas Securities LLC lifted its position in KLX by 128.0% during the fourth quarter. SG Americas Securities LLC now owns 28,933 shares of the aerospace company’s stock valued at $1,975,000 after buying an additional 16,241 shares during the period. 98.44% of the stock is owned by institutional investors.

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KLX Inc (KLXI) opened at $69.53 on Friday. KLX Inc has a twelve month low of $42.45 and a twelve month high of $73.21. The company has a current ratio of 7.06, a quick ratio of 2.17 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $3,602.55, a price-to-earnings ratio of 66.86, a PEG ratio of 3.06 and a beta of 1.26.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. KLX had a return on equity of 6.03% and a net margin of 3.07%. The firm had revenue of $442.20 million during the quarter, compared to the consensus estimate of $450.87 million. KLX’s revenue was up 18.4% compared to the same quarter last year. sell-side analysts anticipate that KLX Inc will post 4.07 EPS for the current fiscal year.

Several equities analysts have commented on the company. BidaskClub raised KLX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised KLX from a “sell” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Thursday, March 15th. SunTrust Banks raised their price objective on KLX from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, December 27th. Finally, TheStreet lowered KLX from a “b” rating to a “c+” rating in a research report on Tuesday, March 6th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $68.00.

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KLX 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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Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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