KLX Inc. (KLXI) Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its stake in KLX Inc. (NASDAQ:KLXI) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,188 shares of the company’s stock after buying an additional 2,960 shares during the period. Rhumbline Advisers owned 0.22% of KLX worth $4,160,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KLXI. Citadel Advisors LLC acquired a new position in KLX during the second quarter valued at approximately $22,608,000. Emerald Mutual Fund Advisers Trust acquired a new position in KLX during the third quarter valued at approximately $8,333,000. Emerald Advisers Inc. PA acquired a new position in KLX during the third quarter valued at approximately $8,049,000. BlackRock Fund Advisors raised its position in KLX by 6.6% in the third quarter. BlackRock Fund Advisors now owns 3,136,447 shares of the company’s stock valued at $110,403,000 after buying an additional 194,453 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in KLX by 64.2% in the second quarter. Macquarie Group Ltd. now owns 423,768 shares of the company’s stock valued at $13,137,000 after buying an additional 165,671 shares during the last quarter. 99.90% of the stock is owned by institutional investors.
Shares of KLX Inc. (NASDAQ:KLXI) traded up 0.68% on Friday, reaching $47.68. 135,878 shares of the company were exchanged. The stock has a market capitalization of $2.50 billion, a PE ratio of 99.33 and a beta of 1.24. KLX Inc. has a 1-year low of $25.33 and a 1-year high of $48.35. The company has a 50-day moving average price of $43.81 and a 200 day moving average price of $36.51.
KLX (NASDAQ:KLXI) last released its earnings results on Thursday, December 8th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. The company had revenue of $389 million for the quarter, compared to analyst estimates of $384.83 million. KLX had a net margin of 1.68% and a return on equity of 3.92%. On average, analysts forecast that KLX Inc. will post $0.95 EPS for the current fiscal year.
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Several research analysts have recently commented on KLXI shares. Deutsche Bank AG raised their price objective on shares of KLX from $39.00 to $43.00 and gave the company a “hold” rating in a research note on Monday, December 5th. Zacks Investment Research lowered shares of KLX from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 22nd.
In other news, VP Heather Floyd sold 5,019 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $47.21, for a total transaction of $236,946.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.89% of the company’s stock.
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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