KLX Inc. (NASDAQ:KLXI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
KLXI has been the subject of a number of other research reports. TheStreet upgraded KLX from a “c+” rating to a “b-” rating in a research note on Wednesday, June 7th. Cowen and Company reiterated a “buy” rating and issued a $52.00 price objective on shares of KLX in a research note on Tuesday, March 7th. Zacks Investment Research cut KLX from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. Finally, Deutsche Bank AG boosted their price objective on KLX from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $55.20.
Shares of KLX (NASDAQ KLXI) traded down 1.59% during trading on Tuesday, hitting $46.93. 347,269 shares of the company traded hands. The stock has a market capitalization of $2.43 billion, a PE ratio of 38.15 and a beta of 1.27. The company has a 50-day moving average of $48.99 and a 200-day moving average of $47.59. KLX has a 52-week low of $29.28 and a 52-week high of $53.13.
KLX (NASDAQ:KLXI) last announced its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.06. The firm had revenue of $411.30 million during the quarter, compared to the consensus estimate of $409.95 million. KLX had a return on equity of 3.99% and a net margin of 4.24%. Equities analysts expect that KLX will post $1.84 EPS for the current year.
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In related news, insider Roger Mark Franks sold 2,447 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $47.70, for a total transaction of $116,721.90. Following the transaction, the insider now owns 21,444 shares of the company’s stock, valued at $1,022,878.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.77% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tyers Asset Management LLC acquired a new position in shares of KLX during the fourth quarter worth $111,000. Harbour Capital Advisors LLC acquired a new position in shares of KLX during the first quarter worth $119,000. Flinton Capital Management LLC acquired a new position in shares of KLX during the fourth quarter worth $135,000. GSA Capital Partners LLP acquired a new position in shares of KLX during the fourth quarter worth $217,000. Finally, Advantus Capital Management Inc raised its position in shares of KLX by 2.7% in the first quarter. Advantus Capital Management Inc now owns 6,723 shares of the aerospace company’s stock worth $301,000 after buying an additional 175 shares in the last quarter.
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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