Dynamic Technology Lab Private Ltd lifted its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 65.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,600 shares of the shipping company's stock after purchasing an additional 5,784 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Kirby were worth $1,545,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP raised its holdings in shares of Kirby by 1.6% during the fourth quarter. Wellington Management Group LLP now owns 1,762,651 shares of the shipping company's stock valued at $186,488,000 after acquiring an additional 28,259 shares during the last quarter. State Street Corp raised its stake in Kirby by 0.7% in the 3rd quarter. State Street Corp now owns 1,667,520 shares of the shipping company's stock valued at $204,154,000 after purchasing an additional 12,337 shares during the last quarter. Geode Capital Management LLC raised its stake in Kirby by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company's stock valued at $117,724,000 after purchasing an additional 2,784 shares during the last quarter. Norges Bank purchased a new position in Kirby in the 4th quarter valued at $74,293,000. Finally, Victory Capital Management Inc. boosted its stake in Kirby by 10.2% during the 4th quarter. Victory Capital Management Inc. now owns 525,708 shares of the shipping company's stock worth $55,620,000 after purchasing an additional 48,475 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company's stock.
Insider Activity
In related news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value of $133,866.84. Following the completion of the transaction, the vice president now owns 5,545 shares in the company, valued at $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.90% of the company's stock.
Analysts Set New Price Targets
KEX has been the subject of a number of analyst reports. StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Bank of America lowered their price target 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 shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, January 31st.
View Our Latest Report on KEX
Kirby Trading Down 2.7 %
Shares of KEX stock traded down $2.58 on Thursday, hitting $93.40. The stock had a trading volume of 192,974 shares, compared to its average volume of 537,238. The company's 50 day moving average price is $101.14 and its 200-day moving average price is $111.80. Kirby Co. has a 1 year low of $83.94 and a 1 year high of $132.21. The firm has a market capitalization of $5.31 billion, a P/E ratio of 19.00, a P/E/G ratio of 0.88 and a beta of 0.99. 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 (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 earnings per share (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%. Analysts anticipate that Kirby Co. will post 6.57 earnings per share 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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