Crossmark Global Holdings Inc. Takes Position in KLX Inc. (KLXI)
Crossmark Global Holdings Inc. purchased a new stake in shares of KLX Inc. (NASDAQ:KLXI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,927 shares of the aerospace company’s stock, valued at approximately $473,000.
A number of other hedge funds also recently made changes to their positions in KLXI. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in KLX by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after purchasing an additional 206 shares during the last quarter. Bank of Montreal Can grew its holdings in KLX by 1.4% during the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after purchasing an additional 43 shares during the last quarter. Shelton Capital Management acquired a new position in KLX during the second quarter valued at approximately $200,000. LS Investment Advisors LLC grew its holdings in KLX by 15.9% during the second quarter. LS Investment Advisors LLC now owns 4,097 shares of the aerospace company’s stock valued at $205,000 after purchasing an additional 561 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in KLX during the second quarter valued at approximately $212,000.
Shares of KLX Inc. (KLXI) opened at $54.50 on Tuesday. The stock has a market cap of $2,829.78, a price-to-earnings ratio of 28.64, a PEG ratio of 3.28 and a beta of 1.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.28 and a quick ratio of 2.27. KLX Inc. has a 52 week low of $38.57 and a 52 week high of $56.69.
KLX (NASDAQ:KLXI) last announced its quarterly earnings data on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.06. The business had revenue of $430.60 million for the quarter, compared to the consensus estimate of $423.08 million. KLX had a net margin of 4.83% and a return on equity of 4.43%. The company’s revenue was up 13.6% on a year-over-year basis. research analysts expect that KLX Inc. will post 2.78 EPS for the current year.
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Several equities analysts have commented on the company. Zacks Investment Research upgraded KLX from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Cowen and Company reiterated a “buy” rating and set a $57.00 price target on shares of KLX in a report on Thursday, October 19th. BidaskClub downgraded shares of KLX from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $51.00 price objective (down previously from $55.00) on shares of KLX in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $55.40.
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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