4,891 Shares in Kirby Co. (NYSE:KEX) Purchased by AXQ Capital LP

AXQ Capital LP purchased a new position in shares of Kirby Co. (NYSE:KEX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,891 shares of the shipping company's stock, valued at approximately $517,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in Kirby by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company's stock valued at $895,000 after acquiring an additional 108 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Kirby by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 30,914 shares of the shipping company's stock valued at $3,271,000 after purchasing an additional 140 shares in the last quarter. Signaturefd LLC grew its position in shares of Kirby by 13.1% in the 4th quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock valued at $185,000 after purchasing an additional 202 shares during the period. Virtus Fund Advisers LLC increased its stake in Kirby by 38.8% during the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company's stock worth $102,000 after purchasing an additional 233 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in Kirby during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 96.15% of the company's stock.

Kirby Stock Down 0.4 %

Shares of KEX traded down $0.41 during mid-day trading on Thursday, hitting $103.03. 383,134 shares of the company's stock were exchanged, compared to its average volume of 518,010. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. Kirby Co. has a 52 week low of $93.63 and a 52 week high of $132.21. The company has a market cap of $5.86 billion, a PE ratio of 20.98, a P/E/G ratio of 0.88 and a beta of 1.18. The company has a 50-day simple moving average of $104.54 and a 200 day simple moving average of $113.80.

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Kirby (NYSE:KEX - Get Free Report) last released its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing analysts' consensus estimates of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.71%. On average, research analysts forecast that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Scott P. Miller sold 1,244 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total value of $133,866.84. Following the completion of the sale, the vice president now owns 5,545 shares of the company's stock, valued at approximately $596,697.45. This represents a 18.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on KEX shares. StockNews.com cut shares of Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Stifel Nicolaus reduced their target price on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $129.25.

Kirby Profile

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.