3,866 Shares in Kirby Co. (NYSE:KEX) Bought by Capital Advisory Group Advisory Services LLC

Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Kirby Co. (NYSE:KEX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,866 shares of the shipping company's stock, valued at approximately $409,000.

A number of other hedge funds have also recently bought and sold shares of KEX. Handelsbanken Fonder AB grew its position in shares of Kirby by 18.0% in the 4th quarter. Handelsbanken Fonder AB now owns 14,400 shares of the shipping company's stock worth $1,524,000 after acquiring an additional 2,200 shares in the last quarter. Ieq Capital LLC acquired a new position in Kirby during the 4th quarter valued at approximately $257,000. Bryn Mawr Capital Management LLC boosted its position in Kirby by 20.7% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 22,313 shares of the shipping company's stock valued at $2,361,000 after purchasing an additional 3,823 shares during the period. Alberta Investment Management Corp acquired a new position in Kirby during the 4th quarter valued at approximately $2,099,000. Finally, Peregrine Capital Management LLC boosted its position in Kirby by 13.1% during the 4th quarter. Peregrine Capital Management LLC now owns 82,578 shares of the shipping company's stock valued at $8,737,000 after purchasing an additional 9,562 shares during the period. Institutional investors and hedge funds own 96.15% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus cut their target price on Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. One investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of $129.25.

Insider Buying and Selling at Kirby

In related news, VP Scott P. Miller sold 1,244 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction of $133,866.84. Following the completion of the transaction, the vice president now owns 5,545 shares of the company's stock, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Kirby Price Performance

Shares of NYSE KEX traded down $3.47 during mid-day trading on Friday, reaching $102.68. The company had a trading volume of 647,071 shares, compared to its average volume of 671,109. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.87 billion, a PE ratio of 20.91, a P/E/G ratio of 0.88 and a beta of 1.19. The company has a 50-day moving average price of $107.70 and a two-hundred day moving average price of $116.53. Kirby Co. has a 1-year low of $85.40 and a 1-year high of $132.21.

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 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 analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current year.

Kirby Company 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.