Fmr LLC lowered its holdings in shares of KLX Inc (NASDAQ:KLXI) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,330,391 shares of the aerospace company’s stock after selling 218,992 shares during the period. Fmr LLC owned 2.62% of KLX worth $95,655,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of KLXI. Advisors Preferred LLC boosted its stake in KLX by 137.5% during the 2nd quarter. Advisors Preferred LLC now owns 1,489 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 862 shares during the period. Mint Tower Capital Management B.V. acquired a new stake in KLX during the 2nd quarter worth $144,000. LPL Financial LLC boosted its stake in KLX by 45.9% during the 1st quarter. LPL Financial LLC now owns 4,414 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 1,389 shares during the period. Dupont Capital Management Corp acquired a new stake in KLX during the 2nd quarter worth $334,000. Finally, Jane Street Group LLC acquired a new stake in KLX during the 2nd quarter worth $376,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.
KLXI has been the subject of a number of recent research reports. BidaskClub cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. ValuEngine cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $66.50.
KLXI stock opened at $62.99 on Friday. KLX Inc has a one year low of $44.06 and a one year high of $69.56.
KLX (NASDAQ:KLXI) last released its earnings results on Tuesday, August 28th. The aerospace company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.23. The firm had revenue of $527.20 million during the quarter, compared to analyst estimates of $501.00 million. During the same quarter last year, the business posted $0.73 EPS. The firm’s revenue was up 22.4% on a year-over-year basis.
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KLX Company Profile
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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