Chicago Equity Partners LLC lessened its position in shares of KLX Inc (NASDAQ:KLXI) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the aerospace company’s stock after selling 1,055 shares during the quarter. Chicago Equity Partners LLC’s holdings in KLX were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. UBS Group AG boosted its stake in shares of KLX by 52.3% during the 1st quarter. UBS Group AG now owns 21,443 shares of the aerospace company’s stock worth $1,524,000 after purchasing an additional 7,368 shares during the period. LPL Financial LLC boosted its stake in shares of KLX by 45.9% during the 1st quarter. LPL Financial LLC now owns 4,414 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 1,389 shares during the period. Principal Financial Group Inc. lifted its holdings in KLX by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 251,635 shares of the aerospace company’s stock valued at $17,878,000 after buying an additional 2,380 shares in the last quarter. Perella Weinberg Partners Capital Management LP bought a new stake in KLX during the 2nd quarter valued at about $5,906,000. Finally, Harvest Management LLC bought a new stake in KLX during the 2nd quarter valued at about $647,000. 90.07% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on KLXI shares. BidaskClub lowered shares of KLX from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. ValuEngine lowered shares of KLX from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $66.50.
KLX (NASDAQ:KLXI) last announced its quarterly earnings data on Tuesday, August 28th. The aerospace company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.23. The company had revenue of $527.20 million for the quarter, compared to the consensus estimate of $501.00 million. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was up 22.4% compared to the same quarter last year.
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KLX Company Profile
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.
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