New Amsterdam Partners LLC NY acquired a new stake in KLX Inc. (NASDAQ:KLXI) during the second quarter, Holdings Channel reports. The fund acquired 63,625 shares of the aerospace company’s stock, valued at approximately $3,181,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Trust Advisors LP acquired a new position in KLX during the first quarter valued at $1,063,000. State Board of Administration of Florida Retirement System boosted its position in KLX by 9.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 36,233 shares of the aerospace company’s stock valued at $1,620,000 after buying an additional 3,203 shares in the last quarter. Tyers Asset Management LLC boosted its position in KLX by 9.1% in the first quarter. Tyers Asset Management LLC now owns 2,688 shares of the aerospace company’s stock valued at $120,000 after buying an additional 224 shares in the last quarter. State Treasurer State of Michigan boosted its position in KLX by 0.5% in the first quarter. State Treasurer State of Michigan now owns 21,300 shares of the aerospace company’s stock valued at $952,000 after buying an additional 100 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in KLX by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 30,696 shares of the aerospace company’s stock valued at $1,371,000 after buying an additional 858 shares in the last quarter.

KLX Inc. (NASDAQ:KLXI) opened at 50.52 on Friday. The stock has a market cap of $2.61 billion, a PE ratio of 41.07 and a beta of 1.28. The stock’s 50 day moving average price is $51.14 and its 200-day moving average price is $48.84. KLX Inc. has a 12 month low of $32.23 and a 12 month high of $54.40.

KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.06. KLX had a return on equity of 3.99% and a net margin of 4.24%. The company had revenue of $411.30 million during the quarter, compared to analyst estimates of $409.95 million. Analysts anticipate that KLX Inc. will post $3.08 EPS for the current fiscal year.

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Several research firms have weighed in on KLXI. Zacks Investment Research cut KLX from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised KLX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Cowen and Company reissued a “buy” rating and issued a $52.00 price objective on shares of KLX in a research report on Monday, July 17th. Finally, TheStreet raised KLX from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.40.

In related news, insider Roger Mark Franks sold 2,447 shares of KLX stock in a transaction on Friday, May 26th. The stock was sold at an average price of $47.70, for a total value of $116,721.90. Following the completion of the sale, the insider now owns 21,444 shares of the company’s stock, valued at $1,022,878.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,163 shares of company stock valued at $153,553 in the last ninety days. 1.77% of the stock is currently owned by corporate insiders.

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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