Fuller Thaler Asset Management buys $108.2 Million stake in KLX Inc (KLXI)

KLX Inc (KLXI) : Fuller Thaler Asset Management scooped up 776,439 additional shares in KLX Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 3,451,617 shares of KLX Inc which is valued at $108.2 Million.KLX Inc makes up approximately 2.13% of Fuller Thaler Asset Management’s portfolio.

Other Hedge Funds, Including , Mosaic Family Wealth added KLXI to its portfolio by purchasing 124 company shares during the most recent quarter which is valued at $3,889.Jupiter Asset Management Ltd boosted its stake in KLXI in the latest quarter, The investment management firm added 25,401 additional shares and now holds a total of 183,818 shares of KLX Inc which is valued at $5.8 Million. KLX Inc makes up approx 0.24% of Jupiter Asset Management Ltd’s portfolio.Seizert Capital Partners reduced its stake in KLXI by selling 11,386 shares or 9.67% in the most recent quarter. The Hedge Fund company now holds 106,361 shares of KLXI which is valued at $3.3 Million. KLX Inc makes up approx 0.12% of Seizert Capital Partners’s portfolio.Schwab Charles Investment Management Inc boosted its stake in KLXI in the latest quarter, The investment management firm added 37,739 additional shares and now holds a total of 263,934 shares of KLX Inc which is valued at $8.6 Million. KLX Inc makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio. Id Management As added KLXI to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $94,416. KLX Inc makes up approx 0.03% of Id Management As’s portfolio.

KLX Inc opened for trading at $33.61 and hit $35.25 on the upside on Friday, eventually ending the session at $34.99, with a gain of 4.60% or 1.54 points. The heightened volatility saw the trading volume jump to 8,94,093 shares. Company has a market cap of $1,847 M.

On the company’s financial health, KLX Inc reported $0.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 8, 2016. Analyst had a consensus of $0.44. The company had revenue of $358.20 million for the quarter, compared to analysts expectations of $367.70 million. The company’s revenue was down -18.7 % compared to the same quarter last year.

KLX Inc. (KLX) 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. It operates in two segments: Aerospace Solutions Group (ASG) segment and Energy Services Group (ESG) segment. Its customers include oil and gas companies that are engaged in the exploration and production (E&P) and development of oil and gas properties. Through the Company’s global facilities network and information technology systems it offers unparalleled 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. It provides access to over one million stock keeping units (SKUs).

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