KLX Inc. (NASDAQ:KLXI) Director Theodore L. Weise sold 2,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the sale, the director now owns 7,083 shares in the company, valued at $429,867.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

KLX Inc. (KLXI) opened at $60.30 on Monday. The stock has a market capitalization of $3,036.98, a price-to-earnings ratio of 26.92, a PEG ratio of 3.62 and a beta of 1.31. KLX Inc. has a 12-month low of $42.45 and a 12-month high of $61.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.91 and a quick ratio of 2.21.

KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The business had revenue of $456.70 million for the quarter, compared to the consensus estimate of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The company’s revenue was up 17.4% compared to the same quarter last year. research analysts anticipate that KLX Inc. will post 2.78 earnings per share for the current fiscal year.

A number of research firms recently commented on KLXI. Cowen restated a “buy” rating and set a $57.00 price target on shares of KLX in a research report on Wednesday, December 6th. SunTrust Banks increased their price objective on KLX to $65.00 in a research report on Thursday. BidaskClub lowered KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. ValuEngine lowered KLX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded KLX from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.80.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of KLX by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after purchasing an additional 206 shares during the period. Bank of Montreal Can raised its stake in shares of KLX by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after purchasing an additional 43 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of KLX in the 3rd quarter valued at about $205,000. Shelton Capital Management acquired a new stake in shares of KLX in the 2nd quarter valued at about $200,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of KLX in the 3rd quarter valued at about $217,000.

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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).

Insider Buying and Selling by Quarter for KLX (NASDAQ:KLXI)

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