Boston Partners trimmed its position in KLX Inc (NASDAQ:KLXI) by 16.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,682 shares of the aerospace company’s stock after selling 8,951 shares during the quarter. Boston Partners’ holdings in KLX were worth $3,186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in KLXI. Victory Capital Management Inc. boosted its position in KLX by 17,282.9% in the 4th quarter. Victory Capital Management Inc. now owns 673,762 shares of the aerospace company’s stock valued at $45,985,000 after buying an additional 669,886 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of KLX by 9.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock worth $188,030,000 after purchasing an additional 310,002 shares during the last quarter. Jennison Associates LLC boosted its position in shares of KLX by 19.7% in the 4th quarter. Jennison Associates LLC now owns 1,022,181 shares of the aerospace company’s stock worth $69,764,000 after purchasing an additional 168,160 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of KLX by 15.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 984,481 shares of the aerospace company’s stock worth $52,108,000 after purchasing an additional 132,982 shares during the last quarter. Finally, Royce & Associates LP bought a new position in shares of KLX in the 3rd quarter worth $6,997,000.

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

Several research firms have recently issued reports on KLXI. BidaskClub upgraded KLX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 30th. SunTrust Banks raised their price target on KLX from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, December 27th. Buckingham Research lowered KLX from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 26th. Jefferies Group restated a “hold” rating and issued a $63.00 price target on shares of KLX in a research report on Tuesday, December 26th. Finally, Cowen restated a “buy” rating and issued a $67.00 price target on shares of KLX in a research report on Thursday, December 14th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. KLX has a consensus rating of “Hold” and a consensus price target of $65.00.

KLX Inc (KLXI) opened at $65.85 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.21 and a current ratio of 6.91. The firm has a market capitalization of $3,320.00, a PE ratio of 43.61, a price-to-earnings-growth ratio of 3.12 and a beta of 1.26. KLX Inc has a twelve month low of $42.45 and a twelve month high of $72.53.

KLX (NASDAQ:KLXI) last posted its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The firm 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 quarterly revenue was up 17.4% on a year-over-year basis. equities analysts predict that KLX Inc will post 2.86 EPS for the current year.

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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).

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Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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