KLX Inc. (NASDAQ:KLXI) shares fell 1.3% during trading on Friday . The stock 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 research analysts recently weighed in on KLXI shares. Zacks Investment Research upgraded KLX from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, April 28th. KeyCorp upgraded KLX from a “sector weight” rating to an “overweight” rating and set a $40.00 target price for the company in a research note on Friday, June 17th. They noted that the move was a valuation call. Finally, Deutsche Bank AG dropped their target price on KLX from $39.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, May 19th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. KLX currently has an average rating of “Buy” and a consensus target price of $39.03.

The firm’s market cap is $1.73 billion. The company’s 50 day moving average is $32.70 and its 200-day moving average is $31.09.

KLX (NASDAQ:KLXI) last issued its 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 business had revenue of $368.20 million for the quarter, compared to analysts’ expectations of $431.50 million. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts anticipate that KLX Inc. will post $1.08 earnings per share for the current year.

In other KLX news, VP Roger Mark Franks sold 5,270 shares of KLX stock in a transaction 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 completion of the sale, the vice president now directly owns 22,467 shares of the company’s stock, valued at $746,353.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Theodore L. Weise purchased 2,000 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was bought at an average cost of $30.43 per share, with a total value of $60,860.00. Following the completion of the purchase, the director now owns 6,895 shares of the company’s stock, valued at approximately $209,814.85. The disclosure for this purchase can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. boosted its position in KLX by 51.7% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 33,979 shares of the company’s stock worth $1,046,000 after buying an additional 11,575 shares during the last quarter. New York State Common Retirement Fund boosted its position in KLX by 5.0% in the fourth quarter. New York State Common Retirement Fund now owns 50,500 shares of the company’s stock worth $1,555,000 after buying an additional 2,400 shares during the last quarter. J. Goldman & Co LP bought a new position in KLX during the fourth quarter worth $1,918,000. California State Teachers Retirement System boosted its position 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. Finally, Rhumbline Advisers boosted its position 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.

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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