KLX Inc. (NASDAQ:KLXI) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $35.05.

A number of equities research analysts recently weighed in on KLXI shares. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a report on Monday, August 29th. Jefferies Group restated a “hold” rating on shares of KLX in a report on Friday, August 5th. Finally, KeyCorp upgraded shares of KLX from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Friday, June 17th. They noted that the move was a valuation call.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLXI. Kingstown Capital Management L.P. increased its position in KLX by 29.6% in the first quarter. Kingstown Capital Management L.P. now owns 1,750,000 shares of the company’s stock worth $56,245,000 after buying an additional 400,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in KLX by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,567,515 shares of the company’s stock worth $50,380,000 after buying an additional 12,998 shares in the last quarter. State Street Corp increased its position in KLX by 1.0% in the first quarter. State Street Corp now owns 1,848,886 shares of the company’s stock worth $59,424,000 after buying an additional 18,223 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in KLX by 23.1% in the first quarter. TIAA CREF Investment Management LLC now owns 209,253 shares of the company’s stock worth $6,725,000 after buying an additional 39,293 shares in the last quarter. Finally, Paradice Investment Management LLC increased its position in KLX by 11.3% in the second quarter. Paradice Investment Management LLC now owns 1,072,635 shares of the company’s stock worth $33,252,000 after buying an additional 108,692 shares in the last quarter. 99.44% of the stock is owned by hedge funds and other institutional investors.

Shares of KLX (NASDAQ:KLXI) traded down 0.74% on Friday, reaching $33.46. The company’s stock had a trading volume of 82,164 shares. The firm has a 50 day moving average of $35.08 and a 200 day moving average of $33.44. The company’s market cap is $1.76 billion. KLX has a 52-week low of $25.33 and a 52-week high of $41.00.

KLX (NASDAQ:KLXI) last posted its earnings results on Wednesday, August 24th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.22. KLX had a negative net margin of 26.66% and a positive return on equity of 3.83%. The company had revenue of $391.40 million for the quarter, compared to analyst estimates of $402.30 million. Analysts predict that KLX will post $0.92 earnings per share for the current year.

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).

5 Day Chart for NASDAQ:KLXI

Receive News & Stock Ratings for KLX Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX Inc. and related stocks with our FREE daily email newsletter.