Kirr Marbach & Co. LLC IN lowered its position in KLX Inc (NASDAQ:KLXI) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,603 shares of the aerospace company’s stock after selling 18,954 shares during the period. KLX makes up approximately 2.5% of Kirr Marbach & Co. LLC IN’s holdings, making the stock its 22nd largest position. Kirr Marbach & Co. LLC IN owned 0.50% of KLX worth $11,425,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of KLXI. Norges Bank acquired a new position in shares of KLX during the fourth quarter worth $37,067,000. Frontier Capital Management Co. LLC raised its position in shares of KLX by 78.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,007,242 shares of the aerospace company’s stock worth $45,437,000 after buying an additional 443,785 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of KLX during the fourth quarter worth $19,578,000. Dimensional Fund Advisors LP raised its position in shares of KLX by 16.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,966,764 shares of the aerospace company’s stock worth $88,721,000 after buying an additional 275,523 shares in the last quarter. Finally, FMR LLC raised its position in shares of KLX by 28.8% in the fourth quarter. FMR LLC now owns 1,115,700 shares of the aerospace company’s stock worth $50,329,000 after buying an additional 249,748 shares in the last quarter. 99.90% of the stock is currently owned by institutional investors.
Shares of KLX Inc (NASDAQ:KLXI) traded up 1.83% during mid-day trading on Thursday, reaching $46.86. The company had a trading volume of 615,617 shares. The stock has a market capitalization of $2.42 billion, a P/E ratio of 50.93 and a beta of 1.27. KLX Inc has a 52-week low of $28.65 and a 52-week high of $52.40. The company’s 50-day moving average is $46.05 and its 200 day moving average is $43.57.
KLX (NASDAQ:KLXI) last released its earnings results on Tuesday, March 7th. The aerospace company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.17. The firm earned $382 million during the quarter, compared to analyst estimates of $399.10 million. KLX had a net margin of 1.68% and a return on equity of 3.92%. Analysts anticipate that KLX Inc will post $1.95 EPS for the current fiscal year.
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KLXI has been the topic of several research reports. Gabelli initiated coverage on KLX in a research report on Friday, January 20th. They issued a “buy” rating and a $64.00 target price on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $52.00 target price on shares of KLX in a research report on Tuesday, March 7th. SunTrust Banks, Inc. initiated coverage on KLX in a research report on Thursday, January 19th. They issued a “buy” rating and a $53.00 target price on the stock. Zacks Investment Research raised KLX from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 21st. Finally, Deutsche Bank AG increased their target price on KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.33.
In other KLX news, VP Michael F. Senft sold 2,328 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $47.19, for a total transaction of $109,858.32. Following the completion of the transaction, the vice president now owns 18,653 shares of the company’s stock, valued at approximately $880,235.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.89% of the stock is owned by insiders.
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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