20,399 Shares in Kirby Co. (NYSE:KEX) Purchased by Amundi

Amundi bought a new position in Kirby Co. (NYSE:KEX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,399 shares of the shipping company's stock, valued at approximately $2,143,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in Kirby by 9.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,402 shares of the shipping company's stock worth $466,000 after purchasing an additional 379 shares in the last quarter. Ashton Thomas Private Wealth LLC increased its stake in shares of Kirby by 9.2% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 22,308 shares of the shipping company's stock worth $2,360,000 after acquiring an additional 1,881 shares in the last quarter. Inceptionr LLC lifted its position in Kirby by 13.7% during the 4th quarter. Inceptionr LLC now owns 7,482 shares of the shipping company's stock valued at $792,000 after acquiring an additional 901 shares during the period. Raymond James Financial Inc. bought a new stake in Kirby during the fourth quarter worth about $18,749,000. Finally, Aigen Investment Management LP purchased a new stake in Kirby in the fourth quarter worth about $432,000. Hedge funds and other institutional investors own 96.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on KEX. Stifel Nicolaus lowered their price objective on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Kirby presently has a consensus rating of "Moderate Buy" and an average target price of $129.25.

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Insider Buying and Selling

In related news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction of $133,866.84. Following the transaction, the vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.90% of the stock is currently owned by insiders.

Kirby Stock Up 1.2 %

Shares of Kirby stock traded up $1.17 on Friday, reaching $101.31. The company's stock had a trading volume of 1,172,810 shares, compared to its average volume of 517,936. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 0.88 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Kirby Co. has a 52 week low of $90.91 and a 52 week high of $132.21. The firm's fifty day simple moving average is $104.73 and its two-hundred day simple moving average is $114.18.

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

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.