State Treasurer State of Michigan held its position in KLX Inc. (NASDAQ:KLXI) during the second quarter, Holdings Channel reports. The institutional investor owned 21,300 shares of the aerospace company’s stock at the end of the second quarter. State Treasurer State of Michigan’s holdings in KLX were worth $1,065,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLXI. Teachers Advisors LLC raised its position in KLX by 10.6% in the fourth quarter. Teachers Advisors LLC now owns 93,164 shares of the aerospace company’s stock worth $4,203,000 after buying an additional 8,963 shares during the last quarter. Macquarie Group Ltd. raised its position in KLX by 4.3% in the fourth quarter. Macquarie Group Ltd. now owns 535,691 shares of the aerospace company’s stock worth $24,165,000 after buying an additional 22,023 shares during the last quarter. Capstone Asset Management Co. raised its position in KLX by 3.3% in the first quarter. Capstone Asset Management Co. now owns 7,817 shares of the aerospace company’s stock worth $349,000 after buying an additional 250 shares during the last quarter. Louisiana State Employees Retirement System raised its position in KLX by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the aerospace company’s stock worth $595,000 after buying an additional 300 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in KLX by 17.4% in the first quarter. Nationwide Fund Advisors now owns 156,077 shares of the aerospace company’s stock worth $6,977,000 after buying an additional 23,095 shares during the last quarter.

KLX Inc. (NASDAQ:KLXI) traded up 3.22% during mid-day trading on Tuesday, reaching $53.85. 452,500 shares of the company were exchanged. The company has a market capitalization of $2.79 billion, a PE ratio of 43.78 and a beta of 1.28. The stock has a 50-day moving average price of $50.68 and a 200 day moving average price of $48.63. KLX Inc. has a one year low of $31.90 and a one year high of $54.40.

KLX (NASDAQ:KLXI) last posted its earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The business had revenue of $411.30 million for the quarter, compared to analysts’ expectations of $409.95 million. KLX had a net margin of 4.24% and a return on equity of 3.99%. Analysts predict that KLX Inc. will post $3.08 EPS for the current year.

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KLXI has been the topic of a number of recent analyst reports. Cowen and Company reissued an “outperform” rating and set a $52.00 price target on shares of KLX in a research report on Wednesday, April 19th. Deutsche Bank AG raised their price target on shares of KLX from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Zacks Investment Research upgraded shares of KLX from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Saturday, April 22nd. TheStreet upgraded shares of KLX from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. Finally, BidaskClub upgraded shares of KLX from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 14th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $55.40.

In other KLX news, insider Roger Mark Franks sold 2,447 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $47.70, for a total transaction of $116,721.90. Following the transaction, the insider now owns 21,444 shares in the company, valued at approximately $1,022,878.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 3,163 shares of company stock worth $153,553 in the last 90 days. Company insiders own 1.77% 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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Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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