Migdal Insurance & Financial Holdings Ltd. Has $5.58 Million Stake in KLX Inc. (KLXI)
Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of KLX Inc. (NASDAQ:KLXI) by 108.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,457 shares of the aerospace company’s stock after acquiring an additional 54,840 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.20% of KLX worth $5,582,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Jennison Associates LLC lifted its stake in KLX by 7.9% in the 3rd quarter. Jennison Associates LLC now owns 854,021 shares of the aerospace company’s stock valued at $45,203,000 after buying an additional 62,685 shares in the last quarter. New Amsterdam Partners LLC NY lifted its stake in KLX by 20.3% in the 3rd quarter. New Amsterdam Partners LLC NY now owns 76,519 shares of the aerospace company’s stock worth $4,050,000 after purchasing an additional 12,894 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in KLX by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,060,718 shares of the aerospace company’s stock worth $56,144,000 after purchasing an additional 22,761 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in KLX by 12.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 547,096 shares of the aerospace company’s stock worth $28,958,000 after purchasing an additional 59,050 shares in the last quarter. Finally, Emerald Advisers Inc. PA lifted its stake in KLX by 3.7% in the 3rd quarter. Emerald Advisers Inc. PA now owns 641,967 shares of the aerospace company’s stock worth $33,979,000 after purchasing an additional 23,050 shares in the last quarter.
Shares of KLX Inc. (NASDAQ KLXI) traded down $0.63 during midday trading on Friday, hitting $54.89. 238,000 shares of the stock were exchanged, compared to its average volume of 412,101. The firm has a market cap of $2,790.00 and a P/E ratio of 29.07. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.28 and a quick ratio of 2.27. KLX Inc. has a fifty-two week low of $36.64 and a fifty-two week high of $56.69.
KLX (NASDAQ:KLXI) last announced its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. The business had revenue of $430.60 million during the quarter, compared to the consensus estimate of $423.08 million. KLX had a net margin of 4.83% and a return on equity of 4.43%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. equities research analysts forecast that KLX Inc. will post 2.78 earnings per share for the current fiscal year.
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A number of research firms have weighed in on KLXI. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered shares of KLX from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Cowen and Company reissued an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of KLX in a research note on Thursday, August 24th. Finally, Jefferies Group LLC restated a “hold” rating and set a $51.00 price target (down previously from $55.00) on shares of KLX in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $55.40.
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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