Prudential Financial Inc. cut its holdings in shares of KLX Inc. (NASDAQ:KLXI) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,165 shares of the aerospace company’s stock after selling 150 shares during the quarter. Prudential Financial Inc. owned about 0.07% of KLX worth $1,758,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in KLX during the second quarter worth about $212,000. Schwab Charles Investment Management Inc. boosted its position in KLX by 8.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 350,471 shares of the aerospace company’s stock worth $15,667,000 after acquiring an additional 27,141 shares during the last quarter. Russell Investments Group Ltd. boosted its position in KLX by 33.7% during the second quarter. Russell Investments Group Ltd. now owns 94,475 shares of the aerospace company’s stock worth $4,724,000 after acquiring an additional 23,815 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in KLX by 34.3% during the second quarter. Virginia Retirement Systems ET AL now owns 32,900 shares of the aerospace company’s stock worth $1,645,000 after acquiring an additional 8,400 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in KLX by 35.2% during the first quarter. OppenheimerFunds Inc. now owns 9,055 shares of the aerospace company’s stock worth $405,000 after acquiring an additional 2,357 shares during the last quarter.

Several equities analysts have weighed in on KLXI shares. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Cowen and Company reiterated an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of KLX in a report on Thursday, August 24th. TheStreet upgraded shares of KLX from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. Jefferies Group LLC reiterated a “hold” rating and issued a $51.00 target price (down from $55.00) on shares of KLX in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of KLX from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. KLX currently has an average rating of “Hold” and a consensus target price of $55.17.

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KLX Inc. (KLXI) opened at 52.93 on Friday. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 35.76 and a beta of 1.29. KLX Inc. has a 12-month low of $33.17 and a 12-month high of $54.40. The firm has a 50-day moving average of $49.00 and a 200 day moving average of $48.46.

KLX (NASDAQ:KLXI) last released its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. KLX had a net margin of 4.83% and a return on equity of 4.43%. The company 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% compared to the same quarter last year. On average, equities analysts predict that KLX Inc. will post $3.08 EPS 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).

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Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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