Todays Report: Today, California Public Employees Retirement System sells partial stakes of KLX Inc. (KLXI)

Today, California Public Employees Retirement System sells partial stakes of KLX Inc. (KLXI)

California Public Employees Retirement System reduced its stake in KLX Inc. (NASDAQ:KLXI) by 5.9% during the third quarter, Holdings Channel reports. The institutional investor owned 131,475 shares of the company’s stock after selling 8,300 shares during the period. California Public Employees Retirement System owned approximately 0.25% of KLX worth $4,628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. raised its position in KLX by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 4,142,493 shares of the company’s stock worth $128,417,000 after buying an additional 690,876 shares during the period. Vanguard Group Inc. raised its position in KLX by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,826,929 shares of the company’s stock worth $118,635,000 after buying an additional 162,500 shares during the period. BlackRock Fund Advisors raised its position in KLX by 4.0% in the second quarter. BlackRock Fund Advisors now owns 2,941,994 shares of the company’s stock worth $91,202,000 after buying an additional 113,268 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in KLX by 2.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,611,602 shares of the company’s stock worth $49,960,000 after buying an additional 44,087 shares during the period. Finally, Paradice Investment Management LLC raised its position in KLX by 11.3% in the second quarter. Paradice Investment Management LLC now owns 1,072,635 shares of the company’s stock worth $33,252,000 after buying an additional 108,692 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.

KLX Inc. (NASDAQ:KLXI) traded up 0.10% during mid-day trading on Friday, hitting $40.77. The company’s stock had a trading volume of 300,180 shares. KLX Inc. has a 12-month low of $25.33 and a 12-month high of $40.96. The firm’s 50-day moving average is $35.82 and its 200-day moving average is $34.17. The company’s market cap is $2.15 billion.

KLX (NASDAQ:KLXI) last announced its quarterly earnings results on Wednesday, August 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The firm earned $391.40 million during the quarter, compared to analyst estimates of $402.30 million. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. Analysts predict that KLX Inc. will post $0.87 EPS for the current fiscal year.

KLXI has been the subject of a number of research analyst reports. Zacks Investment Research raised KLX from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Tuesday, August 23rd. Jefferies Group reissued a “hold” rating on shares of KLX in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $35.71.

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).

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