Legal & General Group Plc boosted its position in KLX Inc. (NASDAQ:KLXI) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,691 shares of the aerospace company’s stock after acquiring an additional 3,823 shares during the period. Legal & General Group Plc owned 0.14% of KLX worth $3,529,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in KLXI. Oregon Public Employees Retirement Fund boosted its holdings in KLX by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,290 shares of the aerospace company’s stock worth $818,000 after acquiring an additional 300 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in KLX by 8.8% in the first quarter. Wells Fargo & Company MN now owns 60,981 shares of the aerospace company’s stock worth $2,725,000 after acquiring an additional 4,909 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in KLX by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 30,696 shares of the aerospace company’s stock worth $1,371,000 after acquiring an additional 858 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in KLX by 0.5% in the first quarter. State Treasurer State of Michigan now owns 21,300 shares of the aerospace company’s stock worth $952,000 after acquiring an additional 100 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in KLX by 9.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 36,233 shares of the aerospace company’s stock worth $1,620,000 after acquiring an additional 3,203 shares in the last quarter.

KLX Inc. (NASDAQ KLXI) opened at 48.24 on Friday. The stock has a 50 day moving average price of $49.14 and a 200-day moving average price of $48.53. KLX Inc. has a 12-month low of $32.23 and a 12-month high of $54.40. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 32.59 and a beta of 1.29.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. KLX had a return on equity of 4.43% and a net margin of 4.83%. The firm had revenue of $430.60 million for the quarter, compared to analysts’ expectations of $423.08 million. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that KLX Inc. will post $3.07 EPS for the current fiscal year.

KLXI has been the topic of a number of recent research reports. Zacks Investment Research lowered KLX from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. Cowen and Company restated an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of KLX in a report on Thursday, August 24th. BidaskClub lowered KLX from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Jefferies Group LLC restated a “hold” rating and issued a $51.00 target price (down previously from $55.00) on shares of KLX in a report on Thursday, August 24th. Finally, TheStreet upgraded KLX from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. KLX has an average rating of “Hold” and an average target price of $55.17.

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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).

Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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