KLX Inc. (KLXI) VP Heather Floyd Sells 403 Shares of Stock
KLX Inc. (NASDAQ:KLXI) VP Heather Floyd sold 403 shares of the firm’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $35.05, for a total transaction of $14,125.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of KLX Inc. (NASDAQ:KLXI) opened at 34.53 on Wednesday. KLX Inc. has a one year low of $25.33 and a one year high of $41.00. The firm’s market capitalization is $1.82 billion. The firm’s 50-day moving average is $35.34 and its 200 day moving average is $33.34.
KLX (NASDAQ:KLXI) last issued its earnings results on Wednesday, August 24th. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.22. The firm earned $391.40 million during the quarter, compared to the consensus estimate of $402.30 million. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. Equities research analysts predict that KLX Inc. will post $0.92 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Jefferies Group reissued a “hold” rating on shares of KLX in a research note on Friday, August 5th. Finally, KeyCorp raised shares of KLX from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Friday, June 17th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $36.78.
A number of hedge funds and other institutional investors have recently modified their holdings of KLXI. LS Investment Advisors LLC increased its position in shares of KLX by 76.4% in the second quarter. LS Investment Advisors LLC now owns 3,218 shares of the company’s stock valued at $100,000 after buying an additional 1,394 shares during the last quarter. Creative Planning increased its position in shares of KLX by 0.3% in the second quarter. Creative Planning now owns 3,600 shares of the company’s stock valued at $112,000 after buying an additional 10 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of KLX during the second quarter valued at approximately $114,000. Amalgamated Bank acquired a new position in shares of KLX during the second quarter valued at approximately $222,000. Finally, 1st Global Advisors Inc. increased its position in shares of KLX by 3.4% in the second quarter. 1st Global Advisors Inc. now owns 7,047 shares of the company’s stock valued at $218,000 after buying an additional 230 shares during the last quarter. 99.44% of the stock is owned by hedge funds and other institutional investors.
KLX Company 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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