New York State Common Retirement Fund Raises Holdings in KLX Inc (KLXI)

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New York State Common Retirement Fund raised its position in shares of KLX Inc (NASDAQ:KLXI) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,884 shares of the aerospace company’s stock after purchasing an additional 1,153 shares during the quarter. New York State Common Retirement Fund owned about 0.21% of KLX worth $7,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLXI. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in KLX by 44.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,428 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 1,060 shares in the last quarter. Aperio Group LLC boosted its stake in KLX by 15.7% during the 4th quarter. Aperio Group LLC now owns 27,368 shares of the aerospace company’s stock valued at $1,868,000 after purchasing an additional 3,717 shares in the last quarter. American Century Companies Inc. boosted its stake in KLX by 6.7% during the 4th quarter. American Century Companies Inc. now owns 140,626 shares of the aerospace company’s stock valued at $9,598,000 after purchasing an additional 8,867 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in KLX by 312.2% during the 4th quarter. Teacher Retirement System of Texas now owns 17,563 shares of the aerospace company’s stock valued at $1,199,000 after purchasing an additional 13,302 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in KLX by 2.9% during the 4th quarter. California Public Employees Retirement System now owns 116,900 shares of the aerospace company’s stock valued at $7,978,000 after purchasing an additional 3,300 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on KLXI shares. Zacks Investment Research raised KLX from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Thursday, March 15th. TheStreet raised KLX from a “c+” rating to a “b” rating in a research note on Monday, April 9th. SunTrust Banks reaffirmed a “buy” rating and set a $82.00 price target on shares of KLX in a research note on Monday, April 23rd. Jefferies Financial Group raised KLX from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, BidaskClub lowered KLX from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $66.50.

KLXI opened at $71.90 on Monday. The firm has a market cap of $3.65 billion, a PE ratio of 26.15, a P/E/G ratio of 3.07 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 6.38 and a quick ratio of 2.12. KLX Inc has a fifty-two week low of $45.73 and a fifty-two week high of $82.50.

KLX (NASDAQ:KLXI) last released its quarterly earnings data on Tuesday, May 22nd. The aerospace company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $499.10 million during the quarter, compared to analyst estimates of $479.50 million. KLX had a return on equity of 6.58% and a net margin of 3.65%. KLX’s quarterly revenue was up 21.3% on a year-over-year basis. equities research analysts forecast that KLX Inc will post 4.11 earnings per share 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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Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

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