Kirby Co. (NYSE:KEX) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. grew its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 371.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,313 shares of the shipping company's stock after purchasing an additional 52,247 shares during the quarter. AGF Management Ltd. owned approximately 0.12% of Kirby worth $7,016,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Kirby in the 4th quarter valued at $25,000. Brooklyn Investment Group acquired a new position in shares of Kirby in the 3rd quarter valued at $42,000. R Squared Ltd acquired a new position in shares of Kirby in the 4th quarter valued at $76,000. Finally, Virtus Fund Advisers LLC increased its holdings in shares of Kirby by 38.8% in the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company's stock valued at $102,000 after acquiring an additional 233 shares during the period. Institutional investors and hedge funds own 96.15% of the company's stock.

Kirby Stock Performance

KEX traded down $0.40 during trading on Thursday, hitting $96.24. The stock had a trading volume of 557,491 shares, compared to its average volume of 667,137. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. The firm has a market capitalization of $5.50 billion, a P/E ratio of 19.60, a PEG ratio of 0.88 and a beta of 1.18. The company's 50-day moving average price is $105.47 and its 200 day moving average price is $114.96. Kirby Co. has a twelve month low of $87.57 and a twelve month high of $132.21.

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

Insider Buying and Selling at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value of $133,866.84. Following the completion of the transaction, the vice president now owns 5,545 shares in the company, valued at $596,697.45. This trade represents a 18.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KEX shares. Stifel Nicolaus cut their target price on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, January 31st. StockNews.com cut shares of Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kirby currently has an average rating of "Moderate Buy" and a consensus target price of $129.25.

About Kirby

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.