Counterpoint Mutual Funds LLC acquired a new position in shares of Kirby Co. (NYSE:KEX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,868 shares of the shipping company's stock, valued at approximately $303,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Artemis Investment Management LLP grew 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 valued at $40,504,000 after purchasing an additional 202,272 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Kirby in the fourth quarter valued at $18,749,000. DAVENPORT & Co LLC acquired a new stake in Kirby in the fourth quarter valued at $16,390,000. Charles Schwab Investment Management Inc. grew its holdings in Kirby by 27.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company's stock valued at $85,585,000 after purchasing an additional 152,146 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Kirby by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 221,460 shares of the shipping company's stock valued at $23,247,000 after purchasing an additional 106,411 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company's stock.
Insider Activity
In other news, VP Scott P. Miller sold 1,244 shares of the stock in a transaction dated 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 owns 5,545 shares in the company, valued at approximately $596,697.45. This trade represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company's stock.
Kirby Trading Up 1.2 %
NYSE KEX traded up $1.17 during trading hours on Friday, hitting $101.31. 1,176,121 shares of the company's stock were exchanged, compared to its average volume of 518,786. The business's 50 day moving average is $104.67 and its 200-day moving average is $114.06. Kirby Co. has a 12-month low of $90.91 and a 12-month high of $132.21. The firm has a market capitalization of $5.76 billion, a P/E ratio of 20.63, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45.
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%. As a group, analysts anticipate that Kirby Co. will post 6.57 EPS for the current fiscal year.
Analyst Ratings Changes
KEX has been the topic of several recent research reports. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Stifel Nicolaus reduced their price objective 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.25.
Check Out Our Latest Analysis on Kirby
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.
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