KLX Inc. (NASDAQ:KLXI) shares fell 1.3% on Friday . The company traded as low as $32.56 and last traded at $32.87, with a volume of 74,868 shares traded. The stock had previously closed at $33.30.

A number of brokerages have recently weighed in on KLXI. Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. Deutsche Bank AG decreased their target price on shares of KLX from $39.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, May 24th. Finally, KeyCorp upgraded shares of KLX from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a research 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 five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $39.03.

The company’s market cap is $1.73 billion. The firm’s 50-day moving average price is $32.71 and its 200 day moving average price is $31.08.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Monday, May 23rd. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.10. The firm had revenue of $368.20 million for the quarter, compared to the consensus estimate of $431.50 million. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts expect that KLX Inc. will post $1.08 earnings per share for the current year.

In related news, VP Roger Mark Franks sold 5,270 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $33.22, for a total value of $175,069.40. Following the sale, the vice president now directly owns 22,467 shares in the company, valued at approximately $746,353.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodore L. Weise bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average price of $30.43 per share, for a total transaction of $60,860.00. Following the completion of the acquisition, the director now directly owns 6,895 shares in the company, valued at $209,814.85. The disclosure for this purchase can be found here.

Several hedge funds have added to or reduced their stakes in the company. Gabelli Funds LLC increased its stake in KLX by 2.5% in the fourth quarter. Gabelli Funds LLC now owns 182,750 shares of the company’s stock worth $5,627,000 after buying an additional 4,500 shares during the last quarter. Rhumbline Advisers increased its stake in KLX by 3.9% in the fourth quarter. Rhumbline Advisers now owns 123,442 shares of the company’s stock worth $3,801,000 after buying an additional 4,680 shares during the last quarter. California State Teachers Retirement System increased its stake in KLX by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 97,712 shares of the company’s stock worth $3,009,000 after buying an additional 1,475 shares during the last quarter. Retirement Systems of Alabama increased its stake in KLX by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 67,818 shares of the company’s stock worth $2,088,000 after buying an additional 913 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new stake in KLX during the fourth quarter worth approximately $1,918,000.

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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