Ameriprise Financial Inc. Sells 1,406 Shares of KLX Inc (KLXI)

Ameriprise Financial Inc. lessened its holdings in shares of KLX Inc (NASDAQ:KLXI) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 163,710 shares of the aerospace company’s stock after selling 1,406 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.32% of KLX worth $8,666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bank of Montreal Can raised its position in KLX by 1.4% during the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after acquiring an additional 43 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in KLX by 0.6% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,105 shares of the aerospace company’s stock valued at $282,000 after acquiring an additional 56 shares in the last quarter. Sciencast Management LP raised its position in KLX by 4.3% during the second quarter. Sciencast Management LP now owns 4,714 shares of the aerospace company’s stock valued at $236,000 after acquiring an additional 196 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in KLX by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after acquiring an additional 206 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in KLX by 0.8% during the second quarter. Mutual of America Capital Management LLC now owns 42,909 shares of the aerospace company’s stock valued at $2,145,000 after acquiring an additional 328 shares in the last quarter.

Several equities analysts recently weighed in on KLXI shares. Zacks Investment Research lowered shares of KLX from a “hold” rating to a “sell” rating in a research report on Tuesday, August 29th. Cowen reiterated a “buy” rating and set a $57.00 price target on shares of KLX in a report on Thursday, October 19th. BidaskClub upgraded KLX from a “hold” rating to a “buy” rating in a report on Friday, December 15th. SunTrust Banks increased their price target on KLX to $65.00 in a report on Thursday, December 7th. Finally, ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $59.80.

KLX Inc (NASDAQ KLXI) opened at $63.00 on Friday. KLX Inc has a twelve month low of $42.45 and a twelve month high of $63.68. 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 $3,170.00 and a P/E ratio of 41.72.

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

In other news, VP Heather Floyd sold 2,024 shares of the firm’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $61.00, for a total value of $123,464.00. Following the sale, the vice president now owns 13,811 shares in the company, valued at $842,471. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Theodore L. Weise sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.69, for a total transaction of $121,380.00. Following the completion of the sale, the director now owns 7,083 shares in the company, valued at approximately $429,867.27. The disclosure for this sale can be found here. Company insiders own 1.77% of the company’s stock.

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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).

Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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