Texas Permanent School Fund reduced its position in KLX Inc. (NASDAQ:KLXI) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 37,763 shares of the aerospace company’s stock after selling 254 shares during the period. Texas Permanent School Fund’s holdings in KLX were worth $1,888,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KLXI. Bank of Montreal Can increased its stake in KLX by 1.4% in the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock worth $159,000 after buying an additional 43 shares in the last quarter. State Treasurer State of Michigan boosted its position in shares of 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 during the period. Advantus Capital Management Inc boosted its position in shares of KLX by 2.7% in the first quarter. Advantus Capital Management Inc now owns 6,723 shares of the aerospace company’s stock valued at $301,000 after buying an additional 175 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of KLX by 1.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the aerospace company’s stock valued at $675,000 after buying an additional 200 shares during the period. Finally, Mason Street Advisors LLC boosted its position in shares of KLX by 0.9% in the first quarter. Mason Street Advisors LLC now owns 24,806 shares of the aerospace company’s stock valued at $1,109,000 after buying an additional 216 shares during the period.

KLX Inc. (NASDAQ:KLXI) opened at 50.52 on Friday. The stock has a market capitalization of $2.61 billion, a PE ratio of 41.07 and a beta of 1.28. KLX Inc. has a 52-week low of $32.23 and a 52-week high of $54.40. The company’s 50-day moving average price is $51.14 and its 200 day moving average price is $48.84.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $411.30 million during the quarter, compared to analyst estimates of $409.95 million. Equities analysts forecast that KLX Inc. will post $3.08 EPS for the current fiscal year.

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KLXI has been the subject of several recent research reports. Zacks Investment Research upgraded KLX from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Saturday, April 22nd. BidaskClub cut KLX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Deutsche Bank AG lifted their price target on KLX from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $52.00 price target on shares of KLX in a research report on Wednesday, April 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average 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 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 in the company, valued at approximately $1,022,878.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 3,163 shares of company stock valued at $153,553 in the last quarter. 1.77% of the stock is currently owned by company 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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