Crossmark Global Holdings Inc. Takes Position in KLX Inc. (KLXI)

Jefferies Group reissued a "hold" rating and set a $51.00 target price (down from $55.00) on shares of KLX in a report on Thursday, August 24th.

They expect $0.71 EPS, up 33.8% or $0.24 from last year's $0.47 per share. Finally, ValuEngine lowered KLX from a "buy" rating to a "hold" rating in a research note on Friday, December 1st. (NASDAQ:KLXI), 1 rate it "Buy", 2 "Outperform", 2 "Underperform", 0 "Sell", while 0 "Hold".

Growth expectations for KLX Inc (NASDAQ:KLXI) are high, but many investors are starting to ask whether its last close at $53.91 can still be rationalized by the future potential.

Looking forward, for the quarter ending Jan-17, 5 analysts have a mean sales target of 393.66 million. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 51.82 and a beta of 1.27. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.10, Bloomberg Earnings reports.

Guggenheim Says That Revance Therapeutics (NASDAQ:RVNC) Has $42 Stock Target
Pura Vida Investments LLC bought a new stake in shares of Revance Therapeutics during the 3rd quarter valued at about $1,378,000. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $1.05B.

A number of research firms recently weighed in on KLXI. RBC Capital Markets maintained the shares of KLXI in report on Wednesday, August 26 with "Sector Perform" rating. Blackrock Inc. owns $353.22 million in KLX Inc., which represents roughly 11.77% of the company's market cap and approximately 12.29% of the institutional ownership. The stock had a trading volume of 1,351,125 shares, compared to its average volume of 406,423. The stock was last seen 9.44% higher, reaching at $59 on 12/06/2017. The company was maintained on Monday, June 26 by Jefferies. BidaskClub cut KLX from a "buy" rating to a "hold" rating in a research note on Wednesday. Cowen and Company reaffirmed a "buy" rating and issued a $52.00 price objective on shares of KLX in a research note on Tuesday, March 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus price target of $55.40. The company has a 50 day moving average of $45.94 and a 200 day moving average of $44.64.

In related news, VP Michael F. Senft sold 2,328 shares of KLX stock in a transaction that occurred on Wednesday, March 8th.

In the transaction dated March 08, 2017, the great number of shares disposed came courtesy the Vice President, CFO, Treasurer; Senft Michael F disposed a total of 2,328 shares at an average price of $47.19, amounting to approximately $109,858. Reports Strong Second Quarter 2017 Financial Results" on August 23, 2017, also Globenewswire.com with their article: "KLX Inc. First Eagle Investment Management LLC increased its stake in shares of KLX by 198.5% in the first quarter. BlackRock Fund Advisors is the second biggest holder with 5 million shares now valued at 252.04 million whilst Vanguard Group Inc has 4 million shares valued at 215.19 million. Staley Capital Advisers Inc. now owns 287,500 shares of the aerospace company's stock valued at $12,851,000 after buying an additional 55,000 shares during the period. Northwestern Mutual Investment Management Company LLC now owns 9,105 shares of the aerospace company's stock valued at $282,000 after purchasing an additional 56 shares during the period. Finally, Paradice Investment Management LLC grew its position in KLX by 2.6% during the third quarter.

KLX Inc., together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Company operates through two segments: Aerospace Solutions Group (ASG) and Energy Services Group (ESG).

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