Shares of KLX Inc (NASDAQ:KLXI) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $73.94 and last traded at $73.47, with a volume of 242014 shares changing hands. The stock had previously closed at $72.10.
KLXI has been the topic of several recent analyst reports. BidaskClub raised shares of KLX from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 22nd. Zacks Investment Research downgraded shares of KLX from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th. TheStreet downgraded shares of KLX from a “b” rating to a “c+” rating in a research note on Tuesday, March 6th. Jefferies Group reaffirmed a “hold” rating and issued a $63.00 price target on shares of KLX in a research note on Tuesday, December 26th. Finally, SunTrust Banks upped their price target on shares of KLX from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $68.00.
The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.17 and a current ratio of 7.06. The company has a market capitalization of $3,691.85, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 3.14 and a beta of 1.18.
A number of institutional investors have recently bought and sold shares of KLXI. Creative Planning acquired a new position in KLX during the fourth quarter worth $201,000. Cowen Inc. acquired a new position in KLX during the fourth quarter worth $205,000. LPL Financial LLC acquired a new position in KLX during the fourth quarter worth $206,000. Cubist Systematic Strategies LLC acquired a new position in KLX during the third quarter worth $217,000. Finally, We Are One Seven LLC acquired a new position in KLX during the fourth quarter worth $223,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.
KLX Company Profile
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. It operates in two segments, Aerospace Solutions Group (ASG) and Energy Services Group (ESG). The ASG 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; and bearings, tooling, electrical components, and clamps.
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