KLX Inc (KLXI) Holdings Cut by Jennison Associates LLC
Jennison Associates LLC trimmed its position in shares of KLX Inc (NASDAQ:KLXI) by 8.6% in the third quarter, HoldingsChannel.com reports. The fund owned 1,149,375 shares of the aerospace company’s stock after selling 108,033 shares during the quarter. Jennison Associates LLC’s holdings in KLX were worth $72,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Preferred LLC lifted its stake in shares of KLX by 137.5% in the second quarter. Advisors Preferred LLC now owns 1,489 shares of the aerospace company’s stock valued at $107,000 after buying an additional 862 shares during the period. Mint Tower Capital Management B.V. bought a new stake in shares of KLX in the second quarter valued at about $144,000. We Are One Seven LLC bought a new stake in shares of KLX in the third quarter valued at about $208,000. Commonwealth Bank of Australia bought a new stake in shares of KLX in the third quarter valued at about $213,000. Finally, Signition LP acquired a new position in KLX in the third quarter worth about $298,000. Institutional investors own 90.07% of the company’s stock.
NASDAQ:KLXI opened at $62.99 on Tuesday. KLX Inc has a 12-month low of $44.06 and a 12-month high of $69.56.
KLXI has been the subject of several recent research reports. BidaskClub raised shares of KLX from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. ValuEngine lowered shares of KLX from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. KLX currently has a consensus rating of “Hold” and an average price target of $66.50.
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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