4,086 Shares in Kirby Co. (NYSE:KEX) Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new stake in Kirby Co. (NYSE:KEX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,086 shares of the shipping company's stock, valued at approximately $432,000.

A number of other large investors also recently modified their holdings of the company. Quest Partners LLC lifted its position in Kirby by 0.7% during the third quarter. Quest Partners LLC now owns 12,462 shares of the shipping company's stock valued at $1,526,000 after purchasing an additional 89 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Kirby by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company's stock worth $895,000 after buying an additional 108 shares during the period. Huntington National Bank increased its stake in shares of Kirby by 8.5% in the third quarter. Huntington National Bank now owns 1,668 shares of the shipping company's stock worth $204,000 after buying an additional 130 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Kirby by 420.0% in the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock worth $25,000 after buying an additional 168 shares during the period. Finally, Virtus Fund Advisers LLC boosted its holdings in Kirby by 38.8% in the third 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 in the last quarter. 96.15% of the stock is currently owned by institutional investors.

Kirby Stock Performance

Shares of NYSE KEX traded down $0.96 during midday trading on Friday, hitting $97.03. 610,972 shares of the company's stock traded hands, compared to its average volume of 670,540. Kirby Co. has a 1 year low of $86.02 and a 1 year high of $132.21. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. 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 fifty day moving average of $106.05 and a 200 day moving average of $115.40.

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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 (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a return on equity of 9.71% and a net margin of 8.78%. On average, analysts forecast that Kirby Co. will post 6.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KEX. Stifel Nicolaus dropped 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 lowered Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

Insider Activity

In related news, VP Scott P. Miller sold 1,244 shares of the business's 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 in the company, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company's stock.

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.