State Board of Administration of Florida Retirement System decreased its stake in shares of KLX Inc. (NASDAQ:KLXI) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,910 shares of the aerospace company’s stock after selling 7,323 shares during the period. State Board of Administration of Florida Retirement System owned 0.06% of KLX worth $1,446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Redwood Investments LLC increased its position in KLX by 143.3% during the second quarter. Redwood Investments LLC now owns 144,127 shares of the aerospace company’s stock worth $7,206,000 after purchasing an additional 84,889 shares during the last quarter. Jennison Associates LLC acquired a new position in KLX during the second quarter worth approximately $39,567,000. First Eagle Investment Management LLC increased its position in KLX by 22.5% during the second quarter. First Eagle Investment Management LLC now owns 958,880 shares of the aerospace company’s stock worth $47,944,000 after purchasing an additional 175,810 shares during the last quarter. Winslow Asset Management Inc. increased its position in KLX by 1.6% during the second quarter. Winslow Asset Management Inc. now owns 184,815 shares of the aerospace company’s stock worth $9,241,000 after purchasing an additional 2,915 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in KLX by 121.4% during the second quarter. BNP Paribas Arbitrage SA now owns 26,130 shares of the aerospace company’s stock worth $1,306,000 after purchasing an additional 14,326 shares during the last quarter.

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KLX Inc. (NASDAQ KLXI) opened at 48.24 on Friday. KLX Inc. has a 12 month low of $32.23 and a 12 month high of $54.40. The company’s 50-day moving average is $49.14 and its 200 day moving average is $48.53. The firm 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 posted its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. The business had revenue of $430.60 million during the quarter, compared to analyst estimates of $423.08 million. KLX had a net margin of 4.83% and a return on equity of 4.43%. KLX’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that KLX Inc. will post $3.07 earnings per share for the current year.

Several equities analysts recently commented on KLXI shares. TheStreet raised shares of KLX from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th. Cowen and Company reaffirmed a “buy” rating and set a $52.00 price target on shares of KLX in a research report on Monday, July 17th. BidaskClub raised shares of KLX from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target (down previously from $55.00) on shares of KLX in a research report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.17.

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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