Top 10 Canadian Stocks To Watch Right Now

tags:WFC,THO,CNI,PMT,NUS,VRX,BRD,NGD,RNO,CM,

Investment company Kirr Marbach & Co Llc buys Xperi, Vistra Energy, Atkore International Group, Varex Imaging, Modine Manufacturing Co, Daseke, SandRidge Energy, SandRidge Energy, Sportsman's Warehouse Holdings, Pendrell, sells NCR, BWX Technologies, Babcock & Wilcox Enterprises, ICU Medical, Hemisphere Media Group during the 3-months ended 2017-03-31, according to the most recent filings of the investment company, Kirr Marbach & Co Llc . As of 2017-03-31, Kirr Marbach & Co Llc owns 77 stocks with a total value of $448 million. These are the details of the buys and sells.

New Purchases: XPER, VSTE, ATKR, VREX, MOD, DSKE, SD, SD, CTG, UWN, Added Positions: SPWH, PCO, ENT, PGTI, OSIS, NEWS, LIND, HRTG, HAE, EXAC, Reduced Positions: NCR, BWXT, ICUI, CTSH, ADS, LYB, WBC, MTZ, AZO, AIG, Sold Out: BW, HMTV, GRBK,

For the details of KIRR MARBACH & CO LLC 's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=KIRR+MARBACH+%26+CO+LLC+

These are the top 5 holdings of KIRR MARBACH & CO LLC Alliance Data Systems Corp (ADS) - 80,470 shares, 4.47% of the total portfolio. Shares reduced by 6.46%Cognizant Technology Solutions Corp (CTSH) - 307,758 shares, 4.08% of the total portfolio. Shares reduced by 6.78%LyondellBasell Industries NV (LYB) - 195,860 shares, 3.98% of the total portfolio. Shares reduced by 6.7%MasTec Inc (MTZ) - 364,547 shares, 3.26% of the total portfolio. Shares reduced by 7.9%Canadian Pacific Railway Ltd (CP) - 98,561 shares, 3.23% of the total portfolio. Shares reduced by 6.56%New Purchase: Xperi Corp (XPER)

Kirr Marbach & Co Llc initiated holdings in Xperi Corp. The purchase prices were between $33.7 and $45.8, with an estimated average price of $40.67. The stock is now traded at around $32.05. The impact to the portfolio due to this purchase was 3.12%. The holdings were 412,630 shares as of 2017-03-31.

Top 10 Canadian Stocks To Watch Right Now: Wells Fargo & Company(WFC)

Advisors' Opinion:

• [By Chris Lange]

  And Wells Fargo & Co. (NYSE: WFC) will report its fourth-quarter results before Friday��s opening bell too. The consensus estimates are EPS of $1.07 and revenue of $22.3 billion. Shares closed most recently at $62.75, in a 52-week range of $49.27 to $63.05. The consensus price target is $61.74.

• [By Motley Fool Staff]

  In this segment of the Motley Fool Money podcast, host Chris Hill is joined by Million Dollar Portfolio's Jason Moser, Hidden Gems Canada's David Kretzmann, and Total Income's Ron Gross to reflect on last week's business and economic news, and one of the big stories was that once-admired bank Wells Fargo�(NYSE:WFC) was taking yet another mea culpa for yet more ways it was abusing its customers' trust.

• [By Shah Gilani]

  But the regulations didn't stop one of the country's biggest banks, Wells Fargo & Co.�(NYSE: WFC), from committing criminal activity on a scale that's simply unimaginable.

• [By Paul Ausick]

  The Consumer Financial Protection Bureau (CFPB) announced Friday morning that it had settled federal claims against Wells Fargo & Co. (NYSE: WFC) related to risk management and improper charges to consumers for $1 billion. A $500 million payment the bank already has made to the Office of the Comptroller of the Currency (OCC) is being applied to the $1 billion penalty.

Top 10 Canadian Stocks To Watch Right Now: Thor Industries Inc.(THO)

Advisors' Opinion:

• [By ]

  Thor Industries (THO) : "They had expenses and inventory go up and it's been hurt by both. Those are negatives."

  Hain Celestial Group (HAIN) : "They had a bad quarter with bad guidance. I can't reassure you here. "

• [By ]

  Cramer was bearish on Thor Industries (THO) and Hain Celestial Group (HAIN) .

  Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

• [By ]

  LCI Industries (LCII) fell 5% on the day. Patrick Industries Inc. (PATK) dropped 4.24%. Thor Industries Inc. (THO) tanked 9.83%. Winnebago Industries Inc. (WGO) fell 8.85%. 

• [By Shane Hupp]

  TheStreet lowered shares of Tahoe Resources (NYSE:TAHO) (TSE:THO) from a c rating to a d+ rating in a report published on Tuesday.

  A number of other research analysts also recently weighed in on TAHO. Cantor Fitzgerald assumed coverage on Tahoe Resources in a research note on Wednesday, March 28th. They set a buy rating on the stock. Zacks Investment Research downgraded Tahoe Resources from a hold rating to a sell rating in a research note on Thursday, April 26th. ValuEngine downgraded Tahoe Resources from a sell rating to a strong sell rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group downgraded Tahoe Resources from an outperform rating to a neutral rating in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Tahoe Resources has an average rating of Hold.

• [By Logan Wallace]

  Tahoe Resources (TSE:THO) (NASDAQ:TAHO) – Equities research analysts at National Bank Financial reduced their FY2018 earnings estimates for shares of Tahoe Resources in a research report issued on Monday, April 9th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $0.29 per share for the year, down from their prior forecast of $0.35. National Bank Financial currently has a “Sector Perform” rating and a $8.00 price objective on the stock.

Top 10 Canadian Stocks To Watch Right Now: Canadian National Railway Company(CNI)

Advisors' Opinion:

• [By Neha Chamaria]

  Investing for really long periods of time, however, becomes easier if you bet on industry stalwarts that have consistently rewarded shareholders and possess strong growth catalysts to keep them going for years to come. I can think of four such "forever" stocks right now: Canadian National Railway (NYSE:CNI), Waste Management (NYSE:WM), Mastercard (NYSE:MA), and Visa (NYSE:V).

• [By Paul Ausick]

  GE got some good news this past week with an order for 200 locomotives from Canadian National Railway Co. (NYSE: CNI). The locomotives will be built at GE’s plant in Fort Worth, Texas, and deliveries to the rail operator will begin next year. The balance of the locomotives will be delivered in 2019 and 2020.

• [By Neha Chamaria]

  Canadian National Railway (NYSE:CNI) is facing a unique problem: too much demand that it can't seem to handle. Severe capacity shortages and delay in deliveries last quarter proved costly for the railroad, as evidenced by its just released first-quarter earnings report.

• [By Motley Fool Staff]

  Canadian National Railway Co (NYSE:CNI)Q1 2018 Earnings Conference CallApril 23, 2018, 4:30 p.m. ET

  Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:

  Operator

Top 10 Canadian Stocks To Watch Right Now: PennyMac Mortgage Investment Trust(PMT)

Advisors' Opinion:

• [By Stephan Byrd]

  Pennymac Mortgage Investment (NYSE:PMT) shares reached a new 52-week high and low on Monday . The company traded as low as $18.60 and last traded at $18.62, with a volume of 19306 shares changing hands. The stock had previously closed at $18.50.

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Buy Escorts, tractor business likely to show healthy double digit growth : Equity99

Sumit Bilgaiyan

We are quite bullish on Escorts. Its tractor business is likely to witness another year of healthy double digit growth in FY19 due to strong rural sentiments on back of higher farm incomes and projection of normal monsoon for third consecutive year.

We are projecting double digit growth in volume led by new product launches and increased focus on exports. Construction equipment segment is witnessing robust demand traction with 29 percent YoY growth in FY18 which we believe will continue in future.

We expect slight dip in EBITDA margins due to rising raw material cost which will put weigh on margins though we are closely watching for average realisation. We have a buy call on Escorts.

Disclaimer: The author is Founder of Equity99. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Q2 2018 Earnings Estimate for SM Energy (SM) Issued By Seaport Global Securities

SM Energy (NYSE:SM) – Equities research analysts at Seaport Global Securities lifted their Q2 2018 earnings per share estimates for shares of SM Energy in a research report issued on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of ($0.08) for the quarter, up from their prior forecast of ($0.09). Seaport Global Securities also issued estimates for SM Energy’s Q3 2018 earnings at $0.00 EPS, FY2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $0.89 EPS.

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A number of other equities analysts also recently weighed in on the company. Tudor Pickering upgraded SM Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 10th. Williams Capital set a $40.00 target price on SM Energy and gave the stock a “buy” rating in a research note on Thursday, February 22nd. ValuEngine downgraded SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 13th. Stifel Nicolaus cut their target price on SM Energy from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, April 23rd. Finally, Deutsche Bank began coverage on SM Energy in a research note on Thursday, February 1st. They issued a “buy” rating and a $32.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.13.

SM Energy opened at $25.89 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.42 and a quick ratio of 1.42. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20.

SM Energy (NYSE:SM) last released its quarterly earnings results on Friday, May 4th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $769.60 million during the quarter, compared to the consensus estimate of $361.40 million. SM Energy had a negative return on equity of 2.53% and a net margin of 4.86%. The company’s quarterly revenue was up 106.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS.

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of SM Energy by 13.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 170,176 shares of the energy company’s stock worth $3,757,000 after purchasing an additional 19,836 shares during the period. EnCap Energy Capital Fund IX L.P. bought a new stake in shares of SM Energy in the 4th quarter worth approximately $180,780,000. California Public Employees Retirement System raised its holdings in shares of SM Energy by 9.7% in the 4th quarter. California Public Employees Retirement System now owns 357,079 shares of the energy company’s stock worth $7,884,000 after purchasing an additional 31,453 shares during the period. Hartree Partners LP bought a new stake in shares of SM Energy in the 4th quarter worth approximately $1,605,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of SM Energy by 10.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 451,060 shares of the energy company’s stock worth $9,960,000 after purchasing an additional 42,836 shares during the period.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, May 9th. Investors of record on Friday, April 27th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, April 26th. This represents a dividend yield of 0.61%. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.

Wesco Aircraft Is Bound To Fly

Wesco Aircraft (WAIR) is the No. 2 distributor and provider of supply chain management services to the global aerospace industry. You can read the long description here. The short one is that Wesco buys and sells small manufacturing parts (like those in the picture below) and chemicals. Also it provides services by taking on a customer inventory, and sending the appropriate parts in a JIT (just-in-time) basis. This way the customer frees up working capital and reduces expenses as they out-source a complex and expensive part of their procurement process.

In 2014 Wesco acquired Haas, which supplies aerospace companies with chemicals needed for their production (mainly gases). Haas was an opportunity for Wesco to expand its product offerings and become an even more integrated part of its customers' manufacturing process. However after the acquisition things went somewhat awry.

After 2 years of declining revenue, more than $500mil write-offs and warnings by its customers that performance is falling below acceptable levels, Wesco fired its CEO, hired outside consultants and finally is turning things around. Check the excerpts below to get a feel of the turn.

Q2 2017 earnings call:

Adam Joseph Palmer - Wesco Aircraft Holdings, Inc.

[��] While unusual, the board thought it was appropriate to say a few words before turning the call over to management to discuss the quarter. As Wesco has already announced, on April 26, Todd Renehan was appointed as Chief Executive Officer and Alex Murray as President and Chief Operating Officer.

Over the past several quarters, we've witnessed stagnant to declining sales and gross margins despite a number of significant contract wins and strong renewal activity. As the board, we are committed to delivering shareholder value, and we believe that Todd and Alex are uniquely capable of addressing our current challenges and returning the company to a path of consistent growth and increased profitability. [��]

Todd Renehan - Wesco Aircraft Holdings, Inc. CEO

Thanks, Adam. I'd like to start by saying that while we're disappointed with our recent performance, Alex and I are honored to have this opportunity to lead Wesco. [��] While Wesco has made progress in a number of areas, including our internal processes and new business wins and contract renewals, it's clear that our recent performance has fallen short of expectations.

The company has undergone a lot of change over the past two years. While a number of these changes were needed, in hindsight we tried to change too much too fast. This has taken our focus off the customer and impacted our business.

In a nutshell, we believe the company has become too inwardly focused, which has impacted relationships with customers and at times led to decisions which made sense in the short term, but may have had other adverse consequences. This has muted the pace of new business wins and contributed to the decline in ad-hoc sales, while also pressuring gross margins. [��]

And I know, from my discussions with many of our customers, that they're ready to give us more work as we improve our performance. Wesco's performance rates are among the highest in the industry, but we do so much volume with these customers that a small hiccup can meaningfully impact their production, and by increasing our external focus, we believe we'll be able to improve beyond even our current standards.

Q1 2018 earnings call:

Todd Renehan - Wesco Aircraft Holdings, Inc. CEO

[��] As you might remember, last quarter we said that we were beginning to see signs of better operating performance as a result of our improvement plan initiatives. Now, I'm happy to see that these initiatives are also beginning to drive improved financial results. Of course, this is only one quarter and we have a lot more work to do, but I'm encouraged by our progress. [��]

[��] We continue to receive positive comments from customers regarding our performance improvement and the value that Wesco provides. I've spent time recently with a few of our major customers and heard firsthand many positive comments about the improvements we've made to service performance. We believe that the increase in ad-hoc sales in the first quarter in part reflects our improved performance, and it's consistent with the bookings trends we told you about last quarter. [��]

Les Sulewski - SunTrust Robinson Humphrey, Inc.

Hi. So I guess, first on the business assessment side. Can you just talk a little bit overall what color are you seeing? Is it the demand increasing, is it just you coming out of the penalty box, if you will? And just overall, some of the drivers driving the business at the moment.

Todd Renehan - Wesco Aircraft Holdings, Inc.

Yes, it's a little bit of both. We had good sales performance on a couple fronts. The chemical performance was stronger with a ramp up of military platforms, the hardware sales were a reflection of both new business and higher volumes, and the ad-hoc growth was driven by our better performance as well as some specific customer growth.

Wesco has stopped digging and is currently working to get out of the hole it put itself into. Sales are growing from new and existing clients and margins will follow soon enough as ad-hoc business increases. Despite these very good news though, the best news for Wesco come in disguise. Boeing (BA) announced that it will acquire KLX's (KLXI) aerospace division. Here is some select pieces from KLX's conference call.

Amin Khoury - KLX CEO

[��] As we announced in our press release earlier this morning, we have agreed to sell our ASG business to the Boeing Corporation in all-cash transaction with the sale of 100% of the shares of KLX Inc. KLX shareholders will receive $63 per share in cash for each KLX share and the Boeing Corporation will assume the net debt of KLX at the time of closing. This represents an aggregate purchase price for our ASG business of $4.25 billion, including the assumption of $995 million of net debt. This transaction values ASG at a multiple 15.7 times 2017 EBITDA and 14.3 times estimated 2018 adjusted EBITDA. [��]

[��] Tom Mccaffrey and I have agreed to continue on as the executive leadership of KLX Energy Services. I will become Chairman and the Chief Executive Officer of KLX Energy Services, while Tom will become Senior Vice President and Chief Financial Officer. [��]

While the first read of this deal is that Wesco will face an insurmountable foe in the form of Boeing, I believe otherwise. This deal is beneficial to Wesco in three significant ways:

1.It will drive new business to Wesco.

Many OEMs and airlines that compete with Boeing or have significant exposure to them will be looking for alternatives. This will be either to diversify their suppliers, or to avoid Boeing managing their hardware. Wesco being the No.2 is the obvious choice and since they have fixed their internal issues they are more than ready to benefit. Here are some relevant quotes from Wesco's Q2 2018 earnings call, a few days after the Boeing-KLX deal was announced.

Todd Renehan - Wesco Aircraft Holdings, Inc. CEO

[��]we are not losing share to KLX. As a matter of fact, over the past quarter we're taking share.[��]

[��] many of these OEMs compete with Boeing and will not want to do business with them. And it shouldn't be lost on folks that there's opportunity here for us. While we can't speak for our customers, it's clear that many of these OEMs would not be thrilled about the prospect of Boeing managing their hardware. [��]

[��] We believe that the airlines and the MRO shops like having the alternatives. And we expect that to help our growth. And we also believe that they want to control their own material base. We believe that this might put KLX in a position where they have to give Boeing priority to provide parts against an MRO. [��]

2. It has uncovered Wesco's cheapness.

Boeing bought KLX's ASG division at 14.3 times its 2018 estimated adj. EBITDA or 15.7 times its 2017 adj. EBITDA. Applying this valuation to Wesco itself would imply a price range of $11-$14.8 per share based on 2018 estimates and $12 - $16.3 based on 2019 estimates. Also, I would like to point out that Wesco's fiscal year ends on September. This means that as time passes the market, due to its forward looking nature, will be more likely to look at the second valuation range than the first.

3. Amin Khouri and Tom Mccaffrey leave KLX.

These two executives are market darlings and the driving force behind KLX's success. However, they will leave KLX with the energy division that will be spun-off to existing shareholders. Also, as an acquired company KLX will be subject to several changes as Boeing tries to implement its own vision and culture post-acquisition.

Therefore it is my opinion that KLX will be vulnerable to Wesco's attempts to take market share for quite some time.

Wrapping it up

Wesco announced along with its Q2 earnings an initiative called "Wesco 2020". It is essentially a gradual operations restructuring that will deliver permanent annual gains of $30mil pre-tax by 2020. This will start from fiscal 2019 and will deliver the full results within 18 to 24 months.

If successful, this initiative will add about $4-$5 of value per share over the next 2 years increasing the previous valuation ranges we discussed even more.

Wesco has been one of the most despised stocks over the last 3 years. The business however, has turned and there are strong signs that the company is seriously undervalued. Despite its recent run I believe it has a lot of upside yet especially if one is willing to wait 2-3 years.

Disclosure: I am/we are long WAIR.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Tesla's Model 3 Sedan May Get a Consumer Reports Nod After All

Tesla Inc.’s Model 3 may not be at a dead end when it comes to getting a recommendation from a magazine many consumers consult before buying a new car.

Consumer Reports is willing to re-evaluate the sedan it bought from Tesla, according to Jake Fisher, director of automotive testing at the magazine. There’s a chance the publication could recommend the car if its overall score improves enough following an over-the-air software update that Chief Executive Officer Elon Musk tweeted about Monday.

“CR is pleased that Tesla is taking our braking test results seriously,” Fisher said in an emailed statement. “That they are committed to implementing a fix and improving stopping distances on the Model 3 is good for everyone on the road.”

Musk wrote in a series of tweets that the Consumer Reports evaluation of Model 3 differed from other reviewers’ experiences and said that the magazine had taken delivery of an early-production car.

“Looks like this can be fixed with a firmware update,” he wrote in one post, referring to variability in anti-lock braking system calibration. “Will be rolling that out in a few days. With further refinement, we can improve braking distance beyond initial specs. Tesla won’t stop until Model 3 has better braking than any remotely comparable car.”

Earlier: Tesla Model 3 Rebuffed by Consumer Reports on Slow Braking

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Analysts Anticipate KLX Inc. (KLXI) Will Post Quarterly Sales of $469.25 Million

Brokerages forecast that KLX Inc. (NASDAQ:KLXI) will post sales of $469.25 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for KLX’s earnings, with estimates ranging from $459.00 million to $479.50 million. KLX posted sales of $411.30 million during the same quarter last year, which suggests a positive year over year growth rate of 14.1%. The business is scheduled to issue its next earnings report on Wednesday, May 23rd.

According to Zacks, analysts expect that KLX will report full year sales of $2.01 billion for the current year, with estimates ranging from $2.00 billion to $2.03 billion. For the next year, analysts expect that the company will post sales of $2.14 billion per share, with estimates ranging from $2.11 billion to $2.17 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow KLX.

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KLX (NASDAQ:KLXI) last issued its earnings results on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. KLX had a net margin of 3.07% and a return on equity of 6.03%. The firm had revenue of $442.20 million for the quarter, compared to analyst estimates of $450.87 million. The company’s quarterly revenue was up 18.4% compared to the same quarter last year.

A number of brokerages have weighed in on KLXI. Zacks Investment Research lowered shares of KLX from a “buy” rating to a “hold” rating in a research report on Saturday, May 12th. BidaskClub lowered shares of KLX from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 3rd. TheStreet lowered shares of KLX from a “b” rating to a “c+” rating in a report on Tuesday, March 6th. SunTrust Banks lowered shares of KLX from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a report on Wednesday, May 2nd. Finally, Jefferies Group upgraded shares of KLX from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $65.75.

Shares of KLX opened at $73.09 on Friday, Marketbeat reports. KLX has a fifty-two week low of $45.73 and a fifty-two week high of $82.50. The company has a current ratio of 7.06, a quick ratio of 2.17 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 26.58, a P/E/G ratio of 3.12 and a beta of 1.17.

Several large investors have recently modified their holdings of KLXI. Millennium Management LLC lifted its holdings in shares of KLX by 537.9% during the first quarter. Millennium Management LLC now owns 1,809,642 shares of the aerospace company’s stock worth $128,593,000 after purchasing an additional 1,525,961 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of KLX by 17,282.9% during the fourth quarter. Victory Capital Management Inc. now owns 673,762 shares of the aerospace company’s stock worth $45,985,000 after purchasing an additional 669,886 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of KLX by 88.4% during the fourth quarter. Macquarie Group Ltd. now owns 1,329,922 shares of the aerospace company’s stock worth $90,767,000 after purchasing an additional 623,959 shares during the period. BlackRock Inc. lifted its holdings in shares of KLX by 5.0% during the first quarter. BlackRock Inc. now owns 7,220,359 shares of the aerospace company’s stock worth $513,079,000 after purchasing an additional 343,732 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of KLX by 21.2% during the first quarter. First Eagle Investment Management LLC now owns 1,119,280 shares of the aerospace company’s stock worth $79,536,000 after purchasing an additional 195,900 shares during the period. Institutional investors own 99.31% of the company’s stock.

KLX Company Profile

KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group 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; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.

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