Parametric Portfolio Associates LLC lowered its stake in KLX Inc. (NASDAQ:KLXI) by 10.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 142,274 shares of the aerospace company’s stock after selling 17,478 shares during the period. Parametric Portfolio Associates LLC owned about 0.28% of KLX worth $6,360,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tyers Asset Management LLC bought a new position in shares of KLX during the fourth quarter valued at about $111,000. Flinton Capital Management LLC acquired a new stake in KLX during the fourth quarter valued at approximately $135,000. GSA Capital Partners LLP acquired a new stake in KLX during the fourth quarter valued at approximately $217,000. Bayesian Capital Management LP acquired a new stake in KLX during the fourth quarter valued at approximately $262,000. Finally, Blenheim Capital Management BV acquired a new stake in KLX during the fourth quarter valued at approximately $317,000.

Institutional Ownership by Quarter for KLX (NASDAQ:KLXI)

KLX Inc. (NASDAQ:KLXI) opened at 49.88 on Friday. KLX Inc. has a 12-month low of $29.28 and a 12-month high of $53.13. The company has a 50-day moving average of $48.88 and a 200 day moving average of $47.34. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 40.55 and a beta of 1.27.

KLX (NASDAQ:KLXI) last posted its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $411.30 million for the quarter, compared to analyst estimates of $409.95 million. KLX had a net margin of 4.24% and a return on equity of 3.99%. Equities analysts anticipate that KLX Inc. will post $1.84 earnings per share for the current year.

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Several research firms recently commented on KLXI. BidaskClub upgraded shares of KLX from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. TheStreet upgraded shares of KLX from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th. Cowen and Company restated a “buy” rating and set a $52.00 price objective on shares of KLX in a research report on Tuesday, March 7th. Zacks Investment Research upgraded shares of KLX from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 21st. Finally, Deutsche Bank AG upped their price objective on shares of KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $52.67.

In other KLX news, insider Roger Mark Franks sold 2,447 shares of KLX stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $47.70, for a total transaction of $116,721.90. Following the transaction, the insider now directly owns 21,444 shares of the company’s stock, valued at $1,022,878.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.77% of the stock is owned by insiders.

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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