Company shares last traded at $54.84 barely above $51.83, the stock’s 50 day moving average and which is just over the 200 day moving average of $49.91. The 50 day moving average was up $3.01 whereas the 200 day moving average was up $4.93 or +9.89%. (NASDAQ:KLXI) shares saw light trading volume with 289K shares changing hands in the last trading session. Overall, volume was down 25.11% under the stocks normal daily volume.
Investors are a little more bearish on the company lately if you pay attention to the rise in short interest. The company recorded a rise in short interest between September 15, 2017 and September 29, 2017 of 0.11%. Short interest increased 3,682 over that timeframe. The days to cover increased to 11.0 and the percentage of shorted shares was 0.07% on September 29.
A few notable investment firms have updated their holdings. Louisiana State Employees Retirement System grew its investment by buying 200 shares an increase of 1.5% as of 09/30/2017. Louisiana State Employees Retirement System claims 13,700 shares with a value of $725,000. The total value of its holdings increased 7.4%. Bank Of Montreal /can/ reduced its holdings by selling 18 shares a decrease of 4.3% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ now holds 400 shares valued at $21,000. The value of the position overall is down by 0.0%.
Mutual Of America Capital Management LLC downsized its ownership by selling 1,708 shares a decrease of 4.0% in the quarter. Mutual Of America Capital Management LLC currently owns 41,201 shares worth $2,181,000. The total value of its holdings increased 1.7%. As of quarter end State Treasurer State Of Michigan had sold a total of 2,000 shares trimming its holdings by 9.4%. The value of the investment in KLX Inc. went from $1,065,000 to $1,022,000 a change of $43,000 quarter over quarter.
The company’s P/E ratio is 37.05 and the market value is 2.82B. In the last earnings report the EPS was $1.48 and is estimated to be $3.07 for the current year with 51,423,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.87 and the next full year EPS is projected to be $3.87.
KLX Inc. (KLX), launched on July 31, 2014, 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). Through the Business’s global facilities network and information technology systems, it offers service to commercial airlines, business jet and defense original equipment manufacturers and their subcontractors (OEMs), maintenance, repair and overhaul (MRO) operators, and fixed base operators (FBOs). Its systems support both internal distribution processes, along with customer services, including just-in-time (JIT) deliveries and kitting solutions..