Teachers Retirement System of The State of Kentucky lowered its stake in shares of KLX Inc (NASDAQ:KLXI) by 14.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,551 shares of the aerospace company’s stock after selling 1,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in KLX were worth $474,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Dupont Capital Management Corp purchased a new position in KLX in the 2nd quarter valued at $334,000. Aperio Group LLC grew its position in KLX by 17.4% in the 2nd quarter. Aperio Group LLC now owns 34,016 shares of the aerospace company’s stock valued at $2,446,000 after buying an additional 5,035 shares during the last quarter. Wells Fargo & Company MN grew its position in KLX by 320.3% in the 2nd quarter. Wells Fargo & Company MN now owns 261,365 shares of the aerospace company’s stock valued at $18,791,000 after buying an additional 199,181 shares during the last quarter. State of Wisconsin Investment Board purchased a new position in KLX in the 2nd quarter valued at $26,282,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in KLX in the 2nd quarter valued at $985,000. Institutional investors and hedge funds own 90.07% of the company’s stock.
A number of equities analysts recently weighed in on KLXI shares. BidaskClub upgraded shares of KLX from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. ValuEngine lowered shares of KLX from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $66.50.
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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