Goldman Sachs Group Inc. cut its stake in KLX Inc (NASDAQ:KLXI) by 30.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,710,413 shares of the aerospace company’s stock after selling 736,559 shares during the period. Goldman Sachs Group Inc.’s holdings in KLX were worth $116,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Profund Advisors LLC boosted its holdings in KLX by 10.9% in the 4th quarter. Profund Advisors LLC now owns 7,815 shares of the aerospace company’s stock valued at $533,000 after purchasing an additional 767 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in KLX by 44.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,428 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 1,060 shares during the period. Mutual of America Capital Management LLC boosted its holdings in KLX by 2.6% in the 4th quarter. Mutual of America Capital Management LLC now owns 42,285 shares of the aerospace company’s stock valued at $2,886,000 after purchasing an additional 1,084 shares during the period. First Trust Advisors LP boosted its holdings in KLX by 4.8% in the 4th quarter. First Trust Advisors LP now owns 24,406 shares of the aerospace company’s stock valued at $1,666,000 after purchasing an additional 1,112 shares during the period. Finally, Strs Ohio boosted its holdings in KLX by 32.4% in the 4th quarter. Strs Ohio now owns 4,900 shares of the aerospace company’s stock valued at $334,000 after purchasing an additional 1,200 shares during the period. 98.42% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of KLX from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub downgraded shares of KLX from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. ValuEngine downgraded shares of KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks raised their price objective on shares of KLX to $65.00 in a report on Thursday, December 7th. Finally, Cowen reaffirmed a “buy” rating and set a $57.00 price objective on shares of KLX in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. KLX has an average rating of “Buy” and a consensus target price of $67.40.

KLX Inc (NASDAQ:KLXI) opened at $71.51 on Wednesday. The company has a market cap of $3,588.98, a PE ratio of 68.76, a PEG ratio of 3.13 and a beta of 1.26. KLX Inc has a 1-year low of $42.45 and a 1-year high of $73.21. The company has a current ratio of 7.06, a quick ratio of 2.17 and a debt-to-equity ratio of 0.52.

KLX (NASDAQ:KLXI) last released its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $442.20 million during the quarter, compared to the consensus estimate of $450.87 million. KLX had a net margin of 3.07% and a return on equity of 6.03%. KLX’s revenue was up 18.4% compared to the same quarter last year. research analysts anticipate that KLX Inc will post 3.99 earnings per share for the current fiscal year.

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KLX 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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