Heather Floyd Sells 403 Shares of KLX Inc. (KLXI) Stock
KLX Inc. (NASDAQ:KLXI) VP Heather Floyd sold 403 shares of KLX stock in a transaction on Friday, September 30th. The shares were sold at an average price of $35.05, for a total transaction of $14,125.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of KLX Inc. (NASDAQ:KLXI) opened at 35.62 on Thursday. KLX Inc. has a 1-year low of $25.33 and a 1-year high of $41.00. The stock’s 50 day moving average price is $35.37 and its 200-day moving average price is $33.35. The company’s market capitalization is $1.88 billion.
KLX (NASDAQ:KLXI) last announced its earnings results on Wednesday, August 24th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The company earned $391.40 million during the quarter, compared to the consensus estimate of $402.30 million. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. On average, equities analysts predict that KLX Inc. will post $0.92 EPS for the current year.
Several research firms recently issued reports on KLXI. Zacks Investment Research raised shares of KLX from a “strong sell” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, July 26th. Jefferies Group reissued a “hold” rating on shares of KLX in a research report on Friday, August 5th. Finally, KeyCorp raised shares of KLX from a “sector weight” rating to an “overweight” rating and set a $40.00 price target for the company in a research report on Friday, June 17th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.78.
Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in shares of KLX by 3.6% in the first quarter. Franklin Resources Inc. now owns 5,107,840 shares of the company’s stock worth $164,166,000 after buying an additional 175,816 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of KLX by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,142,493 shares of the company’s stock worth $128,417,000 after buying an additional 690,876 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. BlackRock Fund Advisors increased its position in shares of KLX by 4.0% in the second quarter. BlackRock Fund Advisors now owns 2,941,994 shares of the company’s stock worth $91,202,000 after buying an additional 113,268 shares in the last quarter. Finally, State Street Corp increased its position in shares of KLX by 1.0% in the first quarter. State Street Corp now owns 1,848,886 shares of the company’s stock worth $59,424,000 after buying an additional 18,223 shares in the last quarter. Institutional investors own 99.44% of the company’s stock.
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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