Zacks Investment Research lowered shares of KLX Inc. (NASDAQ:KLXI) from a hold rating to a sell rating in a report issued on Tuesday.

According to Zacks, “KLX Inc. is a distributor and service provider of aerospace fasteners and consumables. The Company operates in two segments: Aerospace Solutions Group and Energy Services Group. The Aerospace Solutions Group provides fasteners, consumable products, and logistics services to aerospace customers. The Energy Services Group provides services and logistics for oil and gas drilling sites. It also provides aerospace hardware, and inventory management services. KLX Inc. is based in United States. “

KLXI has been the topic of a number of other reports. BidaskClub lowered KLX from a hold rating to a sell rating in a research note on Saturday, August 19th. TheStreet raised KLX from a c+ rating to a b- rating in a research note on Wednesday, June 7th. Cowen and Company reissued an outperform rating and issued a $55.00 price target (up from $52.00) on shares of KLX in a research note on Thursday, August 24th. Finally, Jefferies Group LLC reissued a hold rating and issued a $51.00 price target (down from $55.00) on shares of KLX in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $55.17.

KLX (KLXI) opened at 47.94 on Tuesday. KLX has a 52-week low of $32.23 and a 52-week high of $54.40. The firm’s 50-day moving average is $50.44 and its 200-day moving average is $48.71. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 32.39 and a beta of 1.28.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.06. KLX had a return on equity of 4.43% and a net margin of 4.83%. The firm had revenue of $430.60 million for the quarter, compared to analyst estimates of $423.08 million. The firm’s revenue was up 13.6% on a year-over-year basis. Analysts predict that KLX will post $3.07 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in KLX by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company’s stock valued at $118,000 after buying an additional 206 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in KLX during the first quarter valued at $119,000. Tyers Asset Management LLC raised its position in KLX by 9.1% in the first quarter. Tyers Asset Management LLC now owns 2,688 shares of the aerospace company’s stock valued at $120,000 after buying an additional 224 shares in the last quarter. Flinton Capital Management LLC raised its position in KLX by 9.1% in the first quarter. Flinton Capital Management LLC now owns 3,264 shares of the aerospace company’s stock valued at $146,000 after buying an additional 272 shares in the last quarter. Finally, Bank of Montreal Can raised its position in KLX by 1.4% in the second quarter. Bank of Montreal Can now owns 3,168 shares of the aerospace company’s stock valued at $159,000 after buying an additional 43 shares in the last quarter.

KLX Company Profile

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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