Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in Kirby Co. (NYSE:KEX - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 684,267 shares of the shipping company's stock after selling 29,381 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.19% of Kirby worth $72,395,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Kirby by 1.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company's stock worth $895,000 after purchasing an additional 108 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Kirby by 0.5% in the fourth quarter. Corient Private Wealth LLC now owns 30,914 shares of the shipping company's stock valued at $3,271,000 after buying an additional 140 shares during the last quarter. Signaturefd LLC raised its stake in Kirby by 13.1% during the fourth quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock valued at $185,000 after buying an additional 202 shares in the last quarter. Virtus Fund Advisers LLC lifted its holdings 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 buying an additional 233 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Kirby during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 96.15% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on KEX. Stifel Nicolaus lowered their price target on Kirby from $136.00 to $135.00 and set a "buy" rating for the company 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. Finally, Bank of America decreased their price target on shares of Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a report on Friday, March 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $124.75.
View Our Latest Stock Analysis on Kirby
Kirby Stock Performance
KEX stock traded down $7.81 during mid-day trading on Thursday, reaching $95.34. The company had a trading volume of 160,202 shares, compared to its average volume of 633,004. The stock's 50-day simple moving average is $103.56 and its two-hundred day simple moving average is $113.32. The stock has a market capitalization of $5.42 billion, a P/E ratio of 19.42, 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 one year low of $93.85 and a one year high of $132.21.
Kirby (NYSE:KEX - Get Free Report) last posted its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share (EPS) 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%. Research analysts anticipate that Kirby Co. will post 6.57 EPS for the current year.
Insider Transactions at Kirby
In other Kirby 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 sale, the vice president now owns 5,545 shares of the company's stock, valued at $596,697.45. The trade was a 18.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.90% of the company's stock.
Kirby Profile
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Free Report)
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.
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