3,685 Shares in KLX Inc. (KLXI) Acquired by Tower Research Capital LLC TRC
Tower Research Capital LLC TRC bought a new stake in shares of KLX Inc. (NASDAQ:KLXI) during the second quarter, Holdings Channel reports. The institutional investor bought 3,685 shares of the company’s stock, valued at approximately $114,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KLXI. Creative Planning boosted its stake in shares of KLX by 0.3% in the second quarter. Creative Planning now owns 3,600 shares of the company’s stock worth $112,000 after buying an additional 10 shares during the period. Suntrust Banks Inc. boosted its stake in shares of KLX by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,760 shares of the company’s stock worth $302,000 after buying an additional 71 shares during the period. State Treasurer State of Michigan boosted its stake in shares of KLX by 0.5% in the second quarter. State Treasurer State of Michigan now owns 21,200 shares of the company’s stock worth $657,000 after buying an additional 100 shares during the period. Synovus Financial Corp boosted its stake in shares of KLX by 0.5% in the second quarter. Synovus Financial Corp now owns 21,370 shares of the company’s stock worth $666,000 after buying an additional 100 shares during the period. Finally, 1st Global Advisors Inc. boosted its stake in shares of KLX by 3.4% in the second quarter. 1st Global Advisors Inc. now owns 7,047 shares of the company’s stock worth $218,000 after buying an additional 230 shares during the period. Institutional investors and hedge funds own 99.44% of the company’s stock.
KLX Inc. (NASDAQ:KLXI) opened at 33.92 on Thursday. KLX Inc. has a 52-week low of $25.33 and a 52-week high of $41.00. The company’s market cap is $1.79 billion. The stock’s 50 day moving average is $35.17 and its 200 day moving average is $33.44.
KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, August 24th. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.22. The business had revenue of $391.40 million for the quarter, compared to analyst estimates of $402.30 million. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. On average, analysts predict that KLX Inc. will post $0.92 earnings per share for the current fiscal year.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of KLX from a “strong sell” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, July 26th. Jefferies Group restated a “hold” rating on shares of KLX in a research report on Friday, August 5th. Finally, KeyCorp upgraded 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.89.
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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