Kirby Co. (NYSE:KEX) Shares Sold by AlphaQuest LLC

AlphaQuest LLC trimmed its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 36.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,980 shares of the shipping company's stock after selling 4,482 shares during the quarter. AlphaQuest LLC's holdings in Kirby were worth $844,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Artemis Investment Management LLP grew its stake in Kirby by 112.0% in the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock valued at $40,504,000 after purchasing an additional 202,272 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Kirby by 68.7% during the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company's stock worth $58,428,000 after buying an additional 194,410 shares in the last quarter. Raymond James Financial Inc. bought a new position in Kirby during the fourth quarter worth about $18,749,000. DAVENPORT & Co LLC bought a new position in shares of Kirby during the fourth quarter valued at $16,390,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Kirby by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company's stock worth $85,585,000 after buying an additional 152,146 shares during the last quarter. Institutional investors own 96.15% of the company's stock.

Insider Buying and Selling

In related news, VP Scott P. Miller sold 1,244 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value of $133,866.84. Following 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 SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

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

Kirby Price Performance

Shares of NYSE KEX traded up $2.88 during trading hours on Friday, reaching $99.05. 500,040 shares of the stock traded hands, compared to its average volume of 514,973. The company has a market capitalization of $5.66 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. Kirby Co. has a 52-week low of $87.57 and a 52-week high of $132.21. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The company's 50-day simple moving average is $105.30 and its two-hundred day simple moving average is $114.83.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share 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%. Equities research analysts forecast that Kirby Co. will post 6.57 EPS for the current year.

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.