KLX (NASDAQ:KLXI) had its price target increased by investment analysts at SunTrust Banks from $65.00 to $78.00 in a research note issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the aerospace company’s stock. SunTrust Banks’ price target would suggest a potential upside of 12.59% from the company’s current price.
A number of other equities analysts have also recently weighed in on KLXI. Zacks Investment Research raised KLX from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Cowen reaffirmed a “buy” rating and issued a $57.00 price target on shares of KLX in a report on Thursday, October 19th. BidaskClub cut KLX from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Buckingham Research cut KLX from a “buy” rating to a “neutral” rating in a report on Tuesday. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $63.00 price target on shares of KLX in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.80.
KLX (NASDAQ:KLXI) opened at $69.28 on Wednesday. The stock has a market capitalization of $3,490.00 and a PE ratio of 45.88. The company has a quick ratio of 2.21, a current ratio of 6.91 and a debt-to-equity ratio of 0.52. KLX has a fifty-two week low of $42.45 and a fifty-two week high of $69.87.
In other KLX news, Director Theodore L. Weise sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $60.69, for a total transaction of $121,380.00. Following the completion of the transaction, the director now owns 7,083 shares of the company’s stock, valued at $429,867.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Heather Floyd sold 2,024 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $61.00, for a total value of $123,464.00. Following the transaction, the vice president now directly owns 13,811 shares of the company’s stock, valued at approximately $842,471. The disclosure for this sale can be found here. 1.77% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its position in shares of KLX by 9.3% in the third quarter. Sterling Capital Management LLC now owns 80,810 shares of the aerospace company’s stock valued at $4,277,000 after purchasing an additional 6,865 shares in the last quarter. Neuberger Berman Group LLC grew its position in shares of KLX by 2.7% in the third quarter. Neuberger Berman Group LLC now owns 188,000 shares of the aerospace company’s stock valued at $9,951,000 after purchasing an additional 5,000 shares in the last quarter. California Public Employees Retirement System grew its position in shares of KLX by 1.3% in the third quarter. California Public Employees Retirement System now owns 113,600 shares of the aerospace company’s stock valued at $6,013,000 after purchasing an additional 1,500 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of KLX in the third quarter valued at approximately $683,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of KLX in the third quarter valued at approximately $217,000.
About KLX
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).
