Gamco Investors INC. ET AL raised its holdings in KLX Inc (NASDAQ:KLXI) by 1.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 676,662 shares of the aerospace company’s stock after buying an additional 10,050 shares during the period. Gamco Investors INC. ET AL’s holdings in KLX were worth $42,481,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of KLXI. Brown Advisory Inc. grew its holdings in shares of KLX by 9.5% during the first quarter. Brown Advisory Inc. now owns 8,757 shares of the aerospace company’s stock worth $622,000 after buying an additional 759 shares during the last quarter. Advisors Preferred LLC grew its holdings in shares of KLX by 137.5% during the second quarter. Advisors Preferred LLC now owns 1,489 shares of the aerospace company’s stock worth $107,000 after buying an additional 862 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of KLX by 3.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 29,498 shares of the aerospace company’s stock worth $2,121,000 after buying an additional 1,003 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of KLX by 3.3% during the second quarter. Arizona State Retirement System now owns 35,228 shares of the aerospace company’s stock worth $2,533,000 after buying an additional 1,114 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in shares of KLX by 13.2% during the second quarter. Synovus Financial Corp now owns 11,127 shares of the aerospace company’s stock worth $800,000 after buying an additional 1,297 shares during the last quarter. Institutional investors own 90.07% of the company’s stock.
A number of equities analysts recently issued reports on the company. BidaskClub lowered KLX from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. ValuEngine lowered 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 given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $66.50.
KLX (NASDAQ:KLXI) last announced its quarterly earnings results on Tuesday, August 28th. The aerospace company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.23. The firm had revenue of $527.20 million for the quarter, compared to analysts’ expectations of $501.00 million. KLX’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS.
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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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