KLX (NASDAQ:KLXI) was downgraded by research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.
KLXI has been the topic of several other reports. Cowen restated a “buy” rating and set a $57.00 target price on shares of KLX in a report on Wednesday, December 6th. Zacks Investment Research lowered KLX from a “hold” rating to a “sell” rating in a report on Tuesday, August 29th. BidaskClub lowered KLX from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Jefferies Group restated a “hold” rating and set a $63.00 target price on shares of KLX in a report on Tuesday. Finally, SunTrust Banks raised their target price on KLX to $65.00 in a report on Thursday, December 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.20.
KLX (KLXI) traded down $0.20 on Tuesday, reaching $63.00. The company had a trading volume of 430,600 shares, compared to its average volume of 417,486. The firm has a market capitalization of $3,172.97, a PE ratio of 38.65, a price-to-earnings-growth ratio of 3.69 and a beta of 1.31. KLX has a 52-week low of $42.45 and a 52-week high of $63.68. The company has a current ratio of 6.91, a quick ratio of 2.21 and a debt-to-equity ratio of 0.52.
In other news, VP Heather Floyd sold 2,024 shares of KLX stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $61.00, for a total value of $123,464.00. Following the transaction, the vice president now directly owns 13,811 shares in the company, valued at $842,471. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of KLX stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the completion of the transaction, the director now owns 7,083 shares in the company, valued at $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of KLX by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock worth $118,000 after purchasing an additional 206 shares during the period. Bank of Montreal Can grew its position in KLX by 1.4% during the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock worth $159,000 after buying an additional 43 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in KLX during the third quarter worth about $205,000. Shelton Capital Management acquired a new stake in KLX during the second quarter worth about $200,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in KLX during the third quarter worth about $217,000.
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).
