Teachers Retirement System of The State of Kentucky reduced its stake in shares of KLX Inc (NASDAQ:KLXI) by 14.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,551 shares of the aerospace company’s stock after selling 1,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in KLX were worth $474,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in KLXI. Advisors Preferred LLC grew its holdings in KLX by 137.5% during the 2nd quarter. Advisors Preferred LLC now owns 1,489 shares of the aerospace company’s stock worth $107,000 after acquiring an additional 862 shares during the period. Mint Tower Capital Management B.V. acquired a new stake in KLX during the 2nd quarter worth about $144,000. We Are One Seven LLC acquired a new stake in KLX during the 3rd quarter worth about $208,000. Commonwealth Bank of Australia acquired a new stake in KLX during the 3rd quarter worth about $213,000. Finally, Dupont Capital Management Corp acquired a new stake in KLX during the 2nd quarter worth about $334,000. 90.07% of the stock is owned by institutional investors and hedge funds.
Shares of KLXI opened at $62.99 on Friday. KLX Inc has a one year low of $44.06 and a one year high of $69.56.
A number of analysts have weighed in on KLXI shares. BidaskClub upgraded KLX from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. KLX has a consensus rating of “Hold” and a consensus price target of $66.50.
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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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