Bryn Mawr Capital Management LLC grew its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,313 shares of the shipping company's stock after buying an additional 3,823 shares during the period. Bryn Mawr Capital Management LLC's holdings in Kirby were worth $2,361,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KEX. Artemis Investment Management LLP increased its holdings in shares of Kirby by 112.0% during the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock worth $40,504,000 after purchasing an additional 202,272 shares during the period. Victory Capital Management Inc. grew its position 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. DAVENPORT & Co LLC bought a new position in Kirby during the 4th quarter worth $16,390,000. Charles Schwab Investment Management Inc. raised its holdings in Kirby by 27.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company's stock valued at $85,585,000 after acquiring an additional 152,146 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Kirby by 92.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 221,460 shares of the shipping company's stock valued at $23,247,000 after acquiring an additional 106,411 shares during the period. Institutional investors and hedge funds own 96.15% of the company's stock.
Insiders Place Their Bets
In related news, VP Scott P. Miller sold 1,244 shares of the firm's 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. This trade represents a 18.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on KEX shares. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus dropped their target price 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 investment 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 has an average rating of "Moderate Buy" and a consensus price target of $129.25.
Check Out Our Latest Stock Report on KEX
Kirby Price Performance
Shares of KEX stock traded down $3.47 on Friday, hitting $102.68. 647,071 shares of the company's stock were exchanged, compared to its average volume of 683,467. The company has a 50 day moving average of $107.70 and a 200 day moving average of $116.53. The stock has a market cap of $5.87 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. Kirby Co. has a 12 month low of $85.40 and a 12 month high of $132.21.
Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share 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%. On average, equities research analysts predict that Kirby Co. will post 6.57 EPS for the current year.
Kirby Company Profile
(
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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