KLX (NASDAQ:KLXI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other brokerages have also issued reports on KLXI. ValuEngine lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $66.50.

Shares of NASDAQ KLXI opened at $62.70 on Friday. The firm has a market cap of $3.18 billion, a P/E ratio of 22.80, a P/E/G ratio of 2.69 and a beta of 1.09. KLX has a 12-month low of $17.20 and a 12-month high of $62.80. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.25 and a current ratio of 6.67.

KLX (NASDAQ:KLXI) last issued its earnings results on Tuesday, August 28th. The aerospace company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.23. The business had revenue of $527.20 million for the quarter, compared to analyst estimates of $501.00 million. KLX had a net margin of 4.20% and a return on equity of 7.84%. KLX’s revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. equities research analysts predict that KLX will post 4.09 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of KLXI. Northern Trust Corp raised its holdings in KLX by 1.0% during the second quarter. Northern Trust Corp now owns 772,135 shares of the aerospace company’s stock worth $55,517,000 after buying an additional 7,496 shares during the last quarter. WINTON GROUP Ltd raised its holdings in KLX by 49.9% during the second quarter. WINTON GROUP Ltd now owns 89,566 shares of the aerospace company’s stock worth $6,440,000 after buying an additional 29,819 shares during the last quarter. Jane Street Group LLC acquired a new position in KLX during the second quarter worth $376,000. Advisors Asset Management Inc. raised its holdings in KLX by 11.5% during the second quarter. Advisors Asset Management Inc. now owns 60,961 shares of the aerospace company’s stock worth $3,610,000 after buying an additional 6,271 shares during the last quarter. Finally, California Public Employees Retirement System raised its holdings in KLX by 15.4% during the second quarter. California Public Employees Retirement System now owns 136,700 shares of the aerospace company’s stock worth $9,829,000 after buying an additional 18,272 shares during the last quarter. 90.07% of the stock is currently owned by institutional investors and hedge funds.

About KLX

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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