KLX (KLXI) Cut to "Hold" at BidaskClub

Lester Mason
December 8, 2017

KLXI has been the topic of a number of recent analyst reports.

They expect $0.71 EPS, up 33.8% or $0.24 from last year's $0.47 per share. ValuEngine lowered KLX from a "buy" rating to a "hold" rating in a report on Friday, December 1st. KLX had a return on equity of 4.43% and a net margin of 4.83%.

Receive KLX Inc. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX Inc. with MarketBeat.com's FREE daily email newsletter. The company had revenue of $456.70 million during the quarter, compared to the consensus estimate of $442.26 million. This company shares are -3.39% up from its target price of $57 and the current market capitalization stands at $3B. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. RBC Capital Markets maintained the shares of KLXI in report on Wednesday, August 26 with "Sector Perform" rating. Jefferies maintained KLX Inc. About 326,005 shares traded or 11.13% up from the average. Cantor Fitzgerald has "Buy" rating and $50 target. KLX is poised for extremely high earnings growth in the near future. The company was maintained on Monday, June 26 by Jefferies. Finally, Jefferies Group reiterated a "hold" rating and set a $51.00 price target (down from $55.00) on shares of KLX in a report on Thursday, August 24th. Shares of KLX (NASDAQ:KLXI) traded up 0.72% during midday trading on Tuesday, reaching $47.67.

In related news, VP Michael F. Senft sold 2,328 shares of KLX stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $47.19, for a total transaction of $109,858.32. The fund bought 8,927 shares of the aerospace company's stock, valued at approximately $473,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Sciencast Management LP increased its position in shares of KLX by 4.3% during the second quarter. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 4,361,471 shares of the stock are valued at $235.13 million. First Eagle Investment Management LLC now owns 783,070 shares of the aerospace company's stock valued at $35,003,000 after buying an additional 520,695 shares during the period. Dimensional Fund Advisors LP now owns 3,242,416 shares of the aerospace company's stock worth $162,119,000 after purchasing an additional 566,921 shares in the last quarter. FMR LLC now owns 1,566,933 shares of the aerospace company's stock worth $78,347,000 after purchasing an additional 214,625 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of KLX by 9.5% during the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company's stock worth $112,850,000 after buying an additional 88,952 shares in the last quarter. Finally, Paradice Investment Management LLC grew its position in KLX by 2.6% during the third quarter.

At the end of 09/30/2017 reporting period, 89 institutional holders increased their position in KLX Inc. 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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