Cowen reiterated their buy rating on shares of KLX (NASDAQ:KLXI) in a research note released on Thursday. They currently have a $67.00 price objective on the aerospace company’s stock.

Several other equities research analysts have also recently issued reports on the company. SunTrust Banks boosted their price target on KLX to $65.00 in a research note on Thursday, December 7th. BidaskClub cut KLX from a buy rating to a hold rating in a research note on Wednesday, December 6th. ValuEngine cut KLX from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research upgraded KLX from a sell rating to a hold rating in a research note on Tuesday, October 24th. Finally, Jefferies Group reiterated a hold rating and issued a $51.00 price target (down from $55.00) on shares of KLX in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $59.80.

Shares of KLX (NASDAQ:KLXI) traded up $1.90 during mid-day trading on Thursday, hitting $61.76. The company had a trading volume of 2,142,976 shares, compared to its average volume of 412,538. The company has a current ratio of 6.91, a quick ratio of 2.21 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $3,110.54, a PE ratio of 27.57, a P/E/G ratio of 3.62 and a beta of 1.31. KLX has a fifty-two week low of $42.45 and a fifty-two week high of $61.96.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.10. The business had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. equities research analysts predict that KLX will post 2.85 earnings per share for the current fiscal year.

In other KLX news, VP Heather Floyd sold 2,024 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $61.00, for a total transaction of $123,464.00. Following the completion of the transaction, the vice president now directly owns 13,811 shares in the company, valued at $842,471. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $60.69, for a total transaction of $121,380.00. Following the transaction, the director now owns 7,083 shares of the company’s stock, valued at $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in KLXI. Jennison Associates LLC acquired a new position in shares of KLX during the second quarter worth $39,567,000. Dimensional Fund Advisors LP increased its holdings in shares of KLX by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,242,416 shares of the aerospace company’s stock worth $162,119,000 after buying an additional 566,921 shares in the last quarter. FMR LLC increased its holdings in shares of KLX by 15.9% during the second quarter. FMR LLC now owns 1,566,933 shares of the aerospace company’s stock worth $78,347,000 after buying an additional 214,625 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of 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 buying an additional 175,810 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of KLX by 15.6% during the third quarter. Bank of New York Mellon Corp now owns 984,481 shares of the aerospace company’s stock worth $52,108,000 after buying an additional 132,982 shares in the last quarter.

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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).

Analyst Recommendations for KLX (NASDAQ:KLXI)

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