Jupiter Asset Management Ltd. cut its stake in KLX Inc. (NASDAQ:KLXI) by 32.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 109,060 shares of the company’s stock after selling 52,709 shares during the period. Jupiter Asset Management Ltd.’s holdings in KLX were worth $4,920,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in KLX by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,826,929 shares of the company’s stock worth $118,635,000 after buying an additional 162,500 shares during the period. BlackRock Fund Advisors raised its position in KLX by 6.6% in the third quarter. BlackRock Fund Advisors now owns 3,136,447 shares of the company’s stock worth $110,403,000 after buying an additional 194,453 shares during the period. Dimensional Fund Advisors LP raised its position in KLX by 16.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,966,764 shares of the company’s stock worth $88,721,000 after buying an additional 275,523 shares during the period. State Street Corp raised its position in KLX by 8.0% in the fourth quarter. State Street Corp now owns 1,948,560 shares of the company’s stock worth $87,900,000 after buying an additional 143,537 shares during the period. Finally, Samlyn Capital LLC raised its position in KLX by 3.2% in the third quarter. Samlyn Capital LLC now owns 1,099,300 shares of the company’s stock worth $38,696,000 after buying an additional 33,976 shares during the period. Institutional investors and hedge funds own 99.90% of the company’s stock.
Shares of KLX Inc. (NASDAQ:KLXI) traded down 0.1234% on Tuesday, hitting $50.5975. 112,853 shares of the stock traded hands. The company’s 50 day moving average is $48.01 and its 200 day moving average is $39.53. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 105.4115 and a beta of 1.27. KLX Inc. has a one year low of $26.19 and a one year high of $51.17.
KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Thursday, December 8th. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. KLX had a return on equity of 3.92% and a net margin of 1.68%. The business had revenue of $389 million for the quarter, compared to the consensus estimate of $384.83 million. On average, equities analysts forecast that KLX Inc. will post $0.96 EPS for the current year.
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A number of research analysts have issued reports on KLXI shares. Gabelli started coverage on shares of KLX in a report on Friday, January 20th. They issued a “buy” rating and a $64.00 target price on the stock. SunTrust Banks, Inc. started coverage on shares of KLX in a report on Thursday, January 19th. They issued a “buy” rating and a $53.00 target price on the stock. Deutsche Bank AG upped their target price on shares of KLX from $39.00 to $43.00 and gave the company a “hold” rating in a report on Monday, December 5th. Finally, Zacks Investment Research lowered shares of KLX from a “hold” rating to a “strong sell” rating in a report on Thursday, December 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.83.
In related news, VP Heather Floyd sold 5,019 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $47.21, for a total value of $236,946.99. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is currently owned by company insiders.
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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