WINTON GROUP Ltd Acquires 29,819 Shares of KLX Inc (KLXI)
WINTON GROUP Ltd lifted its holdings in shares of KLX Inc (NASDAQ:KLXI) by 49.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,566 shares of the aerospace company’s stock after acquiring an additional 29,819 shares during the period. WINTON GROUP Ltd owned approximately 0.18% of KLX worth $6,440,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Advisors Preferred LLC grew its position in KLX by 137.5% in the 2nd quarter. Advisors Preferred LLC now owns 1,489 shares of the aerospace company’s stock worth $107,000 after purchasing an additional 862 shares in the last quarter. Quantbot Technologies LP grew its position in KLX by 2,700.0% in the 1st quarter. Quantbot Technologies LP now owns 1,596 shares of the aerospace company’s stock worth $113,000 after purchasing an additional 1,539 shares in the last quarter. Mint Tower Capital Management B.V. bought a new stake in KLX in the 2nd quarter worth about $144,000. Institutional & Family Asset Management LLC bought a new stake in KLX in the 1st quarter worth about $172,000. Finally, Cerebellum GP LLC bought a new stake in KLX in the 2nd quarter worth about $174,000. 90.08% of the stock is owned by institutional investors.
A number of equities research analysts have issued reports on the stock. BidaskClub downgraded shares of KLX from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. ValuEngine downgraded shares of KLX from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Zacks Investment Research downgraded shares of KLX from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. KLX presently has an average rating of “Hold” and an average price target of $66.50.
KLX (NASDAQ:KLXI) last released its earnings results on Tuesday, August 28th. The aerospace company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.23. KLX had a net margin of 4.20% and a return on equity of 7.84%. The firm had revenue of $527.20 million during the quarter, compared to the consensus estimate of $501.00 million. During the same period in the prior year, the firm earned $0.73 EPS. The company’s revenue was up 22.4% compared to the same quarter last year. equities analysts expect that KLX Inc will post 4.09 EPS for the current fiscal year.
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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