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KLXI (KLXI) has 1 split in our KLXI split history database. The split for KLXI took place on September 17, 2018. This was a 1186 for 1000 split, meaning for each 1000 shares of KLXI owned pre-split, the shareholder now owned 1186 shares. For example, a 1000 share position pre-split, became a 1186 share position following the split.
When a company such as KLXI splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the KLXI split history from start to finish, an original position size of 1000 shares would have turned into 1186 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into KLXI shares, starting with a $10,000 purchase of KLXI, presented on a split-history-adjusted basis factoring in the complete KLXI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||13.27%|
|KLX is a distributor and service provider of aerospace fasteners and consumables. Co. also provides a range of aerospace hardware and consumables and inventory management services. Co. conducts its business through two operating segments: Aerospace Solutions Group, which provides unparalleled service to commercial airline, business jet and defense original equipment manufacturers and their subcontractors, airlines, maintenance, repair and overhaul operators, fixed base operators and domestic military depots; and Energy Services Group, which serves energy industry customers who focus on developing and producing oil and gas onshore in North America. According to our KLXI split history records, KLXI has had 1 split.|
|KLXI Split History Table|
|09/17/2018||1186 for 1000|
|Technology Stock Splits|
|KLXI is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: KLXI shares outstanding history