New York State Teachers Retirement System decreased its position in shares of KLX Inc. (NASDAQ:KLXI) by 5.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 89,700 shares of the company’s stock after selling 5,600 shares during the period. New York State Teachers Retirement System’s holdings in KLX were worth $2,781,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning boosted its position in shares of KLX by 0.3% in the second quarter. Creative Planning now owns 3,600 shares of the company’s stock worth $112,000 after buying an additional 10 shares during the last quarter. 1st Global Advisors Inc. raised its stake in KLX by 3.4% in the second quarter. 1st Global Advisors Inc. now owns 7,047 shares of the company’s stock worth $218,000 after buying an additional 230 shares during the period. Nisa Investment Advisors L.L.C. raised its stake in KLX by 7.3% in the first quarter. Nisa Investment Advisors L.L.C. now owns 17,610 shares of the company’s stock worth $566,000 after buying an additional 1,200 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in KLX by 1.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 83,451 shares of the company’s stock worth $2,682,000 after buying an additional 1,347 shares during the period. Finally, BlackRock Group LTD raised its stake in KLX by 1.1% in the first quarter. BlackRock Group LTD now owns 128,338 shares of the company’s stock worth $4,125,000 after buying an additional 1,381 shares during the period. Institutional investors and hedge funds own 99.44% of the company’s stock.
Shares of KLX Inc. (NASDAQ:KLXI) traded down 0.62% during midday trading on Thursday, hitting $33.71. The company had a trading volume of 298,629 shares. The company has a 50-day moving average of $35.17 and a 200 day moving average of $33.44. The firm’s market capitalization is $1.78 billion. KLX Inc. has a 12 month low of $25.33 and a 12 month high of $41.00.
KLX (NASDAQ:KLXI) last posted its earnings results on Wednesday, August 24th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The company earned $391.40 million during the quarter, compared to analysts’ expectations of $402.30 million. KLX had a positive return on equity of 3.83% and a negative net margin of 26.66%. On average, analysts expect that KLX Inc. will post $0.92 EPS for the current fiscal year.
A number of research firms have recently weighed in on KLXI. Zacks Investment Research lowered KLX from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Jefferies Group reissued a “hold” rating on shares of KLX in a research note on Friday, August 5th. Finally, KeyCorp raised KLX from a “sector weight” rating to an “overweight” rating and set a $40.00 price objective for the company in a research note on Friday, June 17th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. KLX presently has an average rating of “Hold” and a consensus price target of $34.89.
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).