KLX Inc. (KLXI) Reaches $71.77 52-Week High; Scharf Investments Lifted By $2.21 Million Its Gentex (GNTX) Stake

January 26, 2018 - By Kurt Siggers

Scharf Investments Llc increased Gentex Corp (GNTX) stake by 1.91% reported in 2017Q3 SEC filing. Scharf Investments Llc acquired 116,104 shares as Gentex Corp (GNTX)’s stock declined 8.68%. The Scharf Investments Llc holds 6.20M shares with $122.67 million value, up from 6.08 million last quarter. Gentex Corp now has $6.68B valuation. The stock increased 2.75% or $0.63 during the last trading session, reaching $23.51. About 2.79 million shares traded or 42.24% up from the average. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since January 26, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

The stock of KLX Inc. (NASDAQ:KLXI) hit a new 52-week high and has $75.35 target or 5.00% above today’s $71.77 share price. The 7 months bullish chart indicates low risk for the $3.61B company. The 1-year high was reported on Jan, 26 by Barchart.com. If the $75.35 price target is reached, the company will be worth $180.70 million more. The stock increased 0.71% or $0.505 during the last trading session, reaching $71.765. About 246,000 shares traded. KLX Inc. (NASDAQ:KLXI) has risen 43.74% since January 26, 2017 and is uptrending. It has outperformed by 27.04% the S&P500.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.32, from 0.92 in 2017Q2. It improved, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Nationwide Fund holds 0.04% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 496,051 shares. Spectrum Mgmt Group Incorporated has 23 shares for 0% of their portfolio. Moreover, Grp Inc One Trading Lp has 0% invested in Gentex Corporation (NASDAQ:GNTX). Moreover, Thompson Davis has 0.05% invested in Gentex Corporation (NASDAQ:GNTX) for 1,472 shares. Inv Management Of Virginia Limited Liability has invested 1.25% in Gentex Corporation (NASDAQ:GNTX). Lafleur & Godfrey Lc reported 347,165 shares. Citigroup reported 0% in Gentex Corporation (NASDAQ:GNTX). 153,310 are owned by Palo Cap. Franklin Resources holds 143,312 shares. Fdx Advsrs Inc has 85,407 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System stated it has 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Louisiana State Employees Retirement System has 76,200 shares. Grimes & has invested 0.66% in Gentex Corporation (NASDAQ:GNTX). Invest Counselors Of Maryland Limited Company, a Maryland-based fund reported 131,176 shares. 63,429 were reported by Lpl Fincl Ltd Liability Corp.

Scharf Investments Llc decreased American Intl Group Inc (NYSE:AIG) stake by 1.42 million shares to 1.56 million valued at $95.60 million in 2017Q3. It also reduced Comcast Corp New (NASDAQ:CMCSA) stake by 84,557 shares and now owns 4.82M shares. Dollar Gen Corp New (NYSE:DG) was reduced too.

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 18 analyst reports since October 20, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 23 by KeyBanc Capital Markets. The rating was maintained by KeyBanc Capital Markets on Monday, November 13 with “Buy”. FBR Capital maintained it with “Outperform” rating and $22 target in Friday, October 21 report. Robert W. Baird downgraded Gentex Corporation (NASDAQ:GNTX) rating on Wednesday, January 27. Robert W. Baird has “Neutral” rating and $14 target. The rating was maintained by FBR Capital with “Buy” on Tuesday, January 2. The stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given on Friday, October 20 by Robert W. Baird. The rating was downgraded by Craig Hallum to “Hold” on Monday, July 24. Susquehanna initiated Gentex Corporation (NASDAQ:GNTX) rating on Monday, December 19. Susquehanna has “Neutral” rating and $21 target. FBR Capital maintained the stock with “Buy” rating in Wednesday, July 19 report. KeyBanc Capital Markets maintained Gentex Corporation (NASDAQ:GNTX) rating on Thursday, October 12. KeyBanc Capital Markets has “Buy” rating and $25.0 target.

Since August 7, 2017, it had 0 insider buys, and 3 insider sales for $4.39 million activity. On Wednesday, September 27 the insider Downing Steven R sold $157,582. $85,094 worth of stock was sold by Nash Kevin C on Wednesday, September 27. On Monday, August 7 BAUER FRED sold $4.15M worth of Gentex Corporation (NASDAQ:GNTX) or 239,400 shares.

Analysts await KLX Inc. (NASDAQ:KLXI) to report earnings on March, 6. They expect $0.80 earnings per share, up 81.82% or $0.36 from last year’s $0.44 per share. KLXI’s profit will be $40.29M for 22.43 P/E if the $0.80 EPS becomes a reality. After $0.80 actual earnings per share reported by KLX Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

KLX Inc., together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The company has market cap of $3.61 billion. It operates in two divisions, Aerospace Solutions Group and Energy Services Group (ESG). It has a 44.88 P/E ratio. The ASG 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; and bearings, tooling, electrical components, and clamps.

Among 11 analysts covering KLX (NASDAQ:KLXI), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. KLX has $78.0 highest and $28 lowest target. $53.40’s average target is -25.59% below currents $71.765 stock price. KLX had 29 analyst reports since August 17, 2015 according to SRatingsIntel. Jefferies maintained KLX Inc. (NASDAQ:KLXI) rating on Tuesday, December 26. Jefferies has “Hold” rating and $63.0 target. The firm has “Hold” rating given on Friday, July 28 by Jefferies. The company was maintained on Wednesday, August 26 by RBC Capital Markets. The firm has “Hold” rating by Deutsche Bank given on Monday, December 5. The stock of KLX Inc. (NASDAQ:KLXI) has “Buy” rating given on Thursday, January 19 by Suntrust Robinson. The stock of KLX Inc. (NASDAQ:KLXI) earned “Buy” rating by Gabelli on Friday, January 20. The firm has “Hold” rating by Deutsche Bank given on Tuesday, May 24. KeyBanc Capital Markets upgraded the shares of KLXI in report on Friday, June 17 to “Overweight” rating. The firm earned “Hold” rating on Monday, June 26 by Jefferies. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, December 2.

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By1 Kurt Siggers

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