Charles Schwab Investment Management Inc. lessened its stake in Kirby Co. (NYSE:KEX - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 691,146 shares of the shipping company's stock after selling 7,906 shares during the period. Charles Schwab Investment Management Inc. owned about 1.20% of Kirby worth $73,123,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of KEX. Farther Finance Advisors LLC boosted its position in Kirby by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Atria Investments Inc lifted its position in shares of Kirby by 27.5% during the 3rd quarter. Atria Investments Inc now owns 35,353 shares of the shipping company's stock valued at $4,328,000 after buying an additional 7,629 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Kirby by 19.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the shipping company's stock valued at $556,000 after buying an additional 729 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Kirby by 16.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 20,427 shares of the shipping company's stock valued at $2,501,000 after buying an additional 2,834 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Kirby by 68.7% during the 3rd quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company's stock valued at $58,428,000 after buying an additional 194,410 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.
Insider Activity at Kirby
In other Kirby 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 value of $133,866.84. Following the completion of the sale, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on KEX shares. StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Stifel Nicolaus decreased their target price on Kirby from $136.00 to $135.00 and set a "buy" rating on the stock 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. Based on data from MarketBeat, Kirby presently has a consensus rating of "Moderate Buy" and an average target price of $129.25.
Get Our Latest Stock Analysis on Kirby
Kirby Stock Up 1.5 %
NYSE KEX opened at $96.50 on Wednesday. The business has a fifty day moving average price of $105.65 and a 200 day moving average price of $115.09. Kirby Co. has a one year low of $86.27 and a one year high of $132.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. The company has a market cap of $5.51 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.88 and a beta of 1.18.
Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 EPS 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%. Research analysts anticipate that Kirby Co. will post 6.57 EPS for the current fiscal year.
Kirby 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.
Further Reading
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