KLX Inc (KLXI) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC raised its holdings in KLX Inc (NASDAQ:KLXI) by 2,751.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 304,027 shares of the aerospace company’s stock after purchasing an additional 293,364 shares during the quarter. SG Americas Securities LLC’s holdings in KLX were worth $19,087,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of KLXI. Alpine Associates Management Inc. acquired a new stake in shares of KLX during the 2nd quarter valued at $61,803,000. Bank of America Corp DE boosted its holdings in shares of KLX by 142.5% during the 2nd quarter. Bank of America Corp DE now owns 865,855 shares of the aerospace company’s stock valued at $62,255,000 after acquiring an additional 508,809 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of KLX by 134.8% during the 3rd quarter. Gabelli Funds LLC now owns 727,987 shares of the aerospace company’s stock valued at $45,703,000 after acquiring an additional 417,889 shares in the last quarter. State of Wisconsin Investment Board acquired a new stake in shares of KLX during the 2nd quarter valued at $26,282,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of KLX by 359.9% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 396,941 shares of the aerospace company’s stock valued at $24,920,000 after acquiring an additional 310,627 shares in the last quarter. 90.07% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on KLXI. BidaskClub downgraded KLX from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.50.
KLX (NASDAQ:KLXI) last announced its earnings results on Tuesday, August 28th. The aerospace company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.23. The company had revenue of $527.20 million for the quarter, compared to the consensus estimate of $501.00 million. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share.
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.
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