KLX (NASDAQ:KLXI) had its price objective upped by SunTrust Banks to $65.00 in a report released on Thursday, The Fly reports.

Other analysts have also issued reports about the company. Cowen reaffirmed a buy rating and issued a $57.00 price objective on shares of KLX in a research note on Thursday, October 19th. BidaskClub lowered KLX from a buy rating to a hold rating in a research note on Wednesday. ValuEngine lowered KLX from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research raised KLX from a sell rating to a hold rating in a research note on Tuesday, October 24th. Finally, Jefferies Group reissued a hold rating and set a $51.00 price target (down from $55.00) on shares of KLX in a research note on Thursday, August 24th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. KLX has a consensus rating of Hold and a consensus price target of $57.80.

KLX (NASDAQ KLXI) traded down $0.45 during trading hours on Thursday, reaching $60.30. The company had a trading volume of 549,840 shares, compared to its average volume of 344,486. The firm has a market capitalization of $3,037.01, a price-to-earnings ratio of 26.92, a PEG ratio of 3.62 and a beta of 1.31. The company has a quick ratio of 2.27, a current ratio of 6.91 and a debt-to-equity ratio of 0.52. KLX has a fifty-two week low of $42.45 and a fifty-two week high of $61.66.

KLX (NASDAQ:KLXI) last released its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.10. The business had revenue of $456.70 million for the quarter, compared to analyst estimates of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. sell-side analysts anticipate that KLX will post 2.78 EPS for the current fiscal year.

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 transaction of $123,464.00. Following the sale, the vice president now directly owns 13,811 shares of the company’s stock, valued at $842,471. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of KLX stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $60.69, for a total value of $121,380.00. Following the sale, the director now directly owns 7,083 shares in the company, valued at $429,867.27. The disclosure for this sale can be found here. Company insiders own 1.77% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of KLX by 0.3% in the second quarter. Vanguard Group Inc. now owns 4,303,889 shares of the aerospace company’s stock worth $215,194,000 after acquiring an additional 11,596 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of KLX by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock worth $188,030,000 after acquiring an additional 310,002 shares during the period. State Street Corp lifted its stake in shares of KLX by 4.1% in the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock worth $112,850,000 after acquiring an additional 88,952 shares during the period. FMR LLC lifted its stake in shares of KLX by 15.9% in the second quarter. FMR LLC now owns 1,566,933 shares of the aerospace company’s stock worth $78,347,000 after acquiring an additional 214,625 shares during the period. Finally, Paradice Investment Management LLC lifted its stake in shares of KLX by 2.6% in the third quarter. Paradice Investment Management LLC now owns 1,528,146 shares of the aerospace company’s stock worth $80,885,000 after acquiring an additional 39,236 shares during the period.

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About KLX

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).

The Fly

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