PEAK6 Investments L.P. acquired a new stake in KLX Inc. (NASDAQ:KLXI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,866 shares of the aerospace company’s stock, valued at approximately $787,000.

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in KLX in the second quarter valued at about $212,000. Virginia Retirement Systems ET AL lifted its position in shares of KLX by 34.3% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 32,900 shares of the aerospace company’s stock valued at $1,645,000 after acquiring an additional 8,400 shares during the period. Russell Investments Group Ltd. lifted its position in shares of KLX by 33.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 94,475 shares of the aerospace company’s stock valued at $4,724,000 after acquiring an additional 23,815 shares during the period. State Street Corp lifted its position in shares of KLX by 4.1% during the 2nd quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock valued at $112,850,000 after acquiring an additional 88,952 shares during the period. Finally, Redwood Investments LLC lifted its position in shares of KLX by 143.3% during the 2nd quarter. Redwood Investments LLC now owns 144,127 shares of the aerospace company’s stock valued at $7,206,000 after acquiring an additional 84,889 shares during the period.

KLX Inc. (NASDAQ KLXI) opened at $59.00 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.27 and a current ratio of 7.28. KLX Inc. has a 12 month low of $42.45 and a 12 month high of $59.88. The firm has a market cap of $2,848.92, a P/E ratio of 28.84, a PEG ratio of 3.30 and a beta of 1.31.

KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.10. KLX had a net margin of 4.83% and a return on equity of 4.43%. The business had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. research analysts predict that KLX Inc. will post 2.78 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of KLX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub downgraded shares of KLX from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen reiterated an “outperform” rating and set a $55.00 price target (up from $52.00) on shares of KLX in a research report on Thursday, August 24th. Finally, Jefferies Group reiterated a “hold” rating and set a $51.00 price target (down from $55.00) on shares of KLX in a research report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. KLX has a consensus rating of “Hold” and a consensus price target of $55.40.

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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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