Shares of KLX Inc (NASDAQ:KLXI) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $60.00.

KLXI has been the subject of a number of recent research reports. BidaskClub cut shares of KLX from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. ValuEngine cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th.

KLX stock remained flat at $$62.99 during mid-day trading on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 6.67 and a quick ratio of 2.25. KLX has a fifty-two week low of $44.06 and a fifty-two week high of $69.56. The firm has a market capitalization of $3.19 billion, a P/E ratio of 22.91, a PEG ratio of 2.69 and a beta of 1.09.

KLX (NASDAQ:KLXI) last announced its quarterly earnings data on Tuesday, August 28th. The aerospace company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.23. KLX had a net margin of 4.20% and a return on equity of 8.77%. The company had revenue of $527.20 million during the quarter, compared to analysts’ expectations of $501.00 million. During the same quarter in the prior year, the company posted $0.73 EPS. The business’s revenue was up 22.4% on a year-over-year basis. As a group, analysts expect that KLX will post 4.09 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio boosted its stake in shares of KLX by 161.8% in the 3rd quarter. Strs Ohio now owns 14,400 shares of the aerospace company’s stock valued at $904,000 after purchasing an additional 8,900 shares during the last quarter. Aperio Group LLC boosted its stake in shares of KLX by 7.1% in the 3rd quarter. Aperio Group LLC now owns 36,424 shares of the aerospace company’s stock valued at $2,287,000 after purchasing an additional 2,408 shares during the last quarter. Kassirer Asset Management Corp bought a new position in shares of KLX in the 3rd quarter valued at about $734,000. Havens Advisors LLC boosted its stake in shares of KLX by 51.0% in the 3rd quarter. Havens Advisors LLC now owns 151,000 shares of the aerospace company’s stock valued at $9,480,000 after purchasing an additional 51,000 shares during the last quarter. Finally, We Are One Seven LLC bought a new position in shares of KLX in the 3rd quarter valued at about $208,000. 90.07% of the stock is currently owned by institutional investors.

KLX Company Profile

KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.

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