Chicago Equity Partners LLC Takes $908,000 Position in KLX Inc (KLXI)

Chicago Equity Partners LLC bought a new stake in shares of KLX Inc (NASDAQ:KLXI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,300 shares of the aerospace company’s stock, valued at approximately $908,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in KLX by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,303,889 shares of the aerospace company’s stock valued at $215,194,000 after acquiring an additional 11,596 shares during the period. Dimensional Fund Advisors LP boosted its holdings in KLX by 9.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock valued at $188,030,000 after acquiring an additional 310,002 shares during the period. State Street Corp boosted its holdings in 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. FMR LLC boosted its holdings in KLX by 15.9% during the 2nd quarter. FMR LLC now owns 1,566,933 shares of the aerospace company’s stock valued at $78,347,000 after acquiring an additional 214,625 shares during the period. Finally, Paradice Investment Management LLC boosted its holdings in KLX by 2.6% during the 3rd quarter. Paradice Investment Management LLC now owns 1,528,146 shares of the aerospace company’s stock valued at $80,885,000 after acquiring an additional 39,236 shares during the period.

Shares of KLX Inc (NASDAQ KLXI) opened at $65.05 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.91 and a quick ratio of 2.21. The stock has a market capitalization of $3,280.00, a PE ratio of 43.08, a price-to-earnings-growth ratio of 3.16 and a beta of 1.26. KLX Inc has a 12-month low of $42.45 and a 12-month high of $72.53.

KLX (NASDAQ:KLXI) last posted its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.10. The company had revenue of $456.70 million for the quarter, compared to analyst estimates of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. equities research analysts expect that KLX Inc will post 2.86 earnings per share for the current fiscal year.

In other KLX news, VP Heather Floyd sold 2,024 shares of the stock in a transaction dated Thursday, December 7th. The stock was 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 of the company’s stock, valued at approximately $842,471. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $60.69, for a total value of $121,380.00. Following the completion of the sale, the director now directly owns 7,083 shares in the company, valued at approximately $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by company insiders.

A number of equities analysts recently commented on KLXI shares. Cowen restated a “buy” rating and set a $57.00 target price on shares of KLX in a report on Thursday, October 19th. Zacks Investment Research upgraded KLX from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. ValuEngine cut KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub cut KLX from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, SunTrust Banks increased their price target on KLX to $65.00 in a research report on Thursday, December 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. KLX presently has a consensus rating of “Hold” and a consensus price target of $65.00.

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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).

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Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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