PEAK6 Investments LP Takes $787000 Position in KLX Inc (NASDAQ:KLXI)

Remigio Civitarese
Dicembre 18, 2017

BidaskClub lowered shares of KLX from a "hold" rating to a "sell" rating in a report on Saturday, August 19th. ValuEngine cut KLX from a "buy" rating to a "hold" rating in a research note on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of KLX from a "sell" rating to a "hold" rating in a report on Tuesday, October 24th. Cowen reiterated an "outperform" rating and set a $55.00 target price (up from $52.00) on shares of KLX in a report on Thursday, August 24th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. KLX now has an average rating of "Buy" and an average price target of $59.80. (NASDAQ:KLXI) are experiencing unusual volume during today's trading. About 2.14 million shares traded or 589.55% up from the average. KLX has a 52-week low of $42.45 and a 52-week high of $61.96. The company has a market capitalization of $3,014.82, a P/E ratio of 26.72, a P/E/G ratio of 3.51 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.21 and a current ratio of 6.91. KLX Inc. (NASDAQ:KLXI) has risen 43.74% since December 16, 2016 and is uptrending. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.78 by $0.10. The company had revenue of $456.70 million during the quarter, compared to the consensus estimate of $442.26 million.

Among 11 analysts covering KLX (NASDAQ:KLXI), 7 have Buy rating, 0 Sell and 4 Hold. KLX's quarterly revenue was up 17.4% on a year-over-year basis. The stock was sold at an average price of $61.00, for a total transaction of $123,464.00. Following the completion of the sale, the vice president now owns 13,811 shares of the company's stock, valued at $842,471.

In other news, Director Theodore L. Weise sold 2,000 shares of KLX stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $60.69, for a total value of $121,380.00. Following the completion of the sale, the director now owns 7,083 shares in the company, valued at approximately $429,867.27. The disclosure for this sale can be found here.

The stock increased 3.17% or $1.9 during the last trading session, reaching $61.76.

A number of large investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new position in KLX during the 2nd quarter valued at about $212,000. Accern also gave press coverage about the aerospace company an impact score of 44.8651889442942 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. Virginia Retirement Systems ET AL lifted its holdings in shares of KLX by 34.3% during the 2nd quarter. Russell Investments Group Ltd. lifted its holdings in shares of KLX by 33.7% during the 2nd quarter. They now have a $57.00 target price on the aerospace company's stock. Finally, State Street Corp lifted its holdings in shares of KLX by 4.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,368 shares of the aerospace company's stock valued at $118,000 after buying an additional 206 shares in the last quarter. Golden Gate Private Equity Inc. lifted its holdings in shares of KLX by 9.0% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 32,900 shares of the aerospace company's stock worth $1,645,000 after buying an additional 8,400 shares in the last quarter.

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