Corebridge Financial Inc. lowered its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,953 shares of the shipping company's stock after selling 3,517 shares during the period. Corebridge Financial Inc. owned about 0.11% of Kirby worth $6,872,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Kirby by 27.5% in the third quarter. JPMorgan Chase & Co. now owns 142,265 shares of the shipping company's stock valued at $17,418,000 after purchasing an additional 30,713 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Kirby by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company's stock valued at $43,911,000 after buying an additional 10,486 shares in the last quarter. Artemis Investment Management LLP increased its holdings in Kirby by 112.0% in the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock worth $40,504,000 after buying an additional 202,272 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Kirby by 24.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 29,659 shares of the shipping company's stock valued at $3,143,000 after acquiring an additional 5,804 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Kirby in the fourth quarter valued at approximately $18,749,000. 96.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Kirby
In other news, VP Scott P. Miller sold 1,244 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the transaction, the vice president now owns 5,545 shares in the company, 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 SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company's stock.
Kirby Stock Performance
Kirby stock traded up $1.38 on Wednesday, reaching $102.99. 194,159 shares of the stock were exchanged, compared to its average volume of 633,535. 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 firm has a fifty day moving average price of $103.71 and a two-hundred day moving average price of $113.39. The stock has a market cap of $5.86 billion, a PE ratio of 20.98, a PEG ratio of 0.88 and a beta of 1.18. Kirby Co. has a twelve month low of $93.85 and a twelve month high of $132.21.
Kirby (NYSE:KEX - Get Free Report) last released 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%. Sell-side analysts anticipate that Kirby Co. will post 6.57 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on KEX shares. StockNews.com lowered shares of Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Bank of America lowered their target price on shares of Kirby from $133.00 to $123.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. Finally, Stifel Nicolaus reduced their price target on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.75.
Get Our Latest Report on Kirby
About Kirby
(
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.
Read More
Before you consider Kirby, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kirby wasn't on the list.
While Kirby currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
