Edgestream Partners L.P. decreased its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,681 shares of the shipping company's stock after selling 2,731 shares during the period. Edgestream Partners L.P. owned approximately 0.07% of Kirby worth $4,092,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in KEX. Artemis Investment Management LLP lifted its holdings in shares of Kirby by 112.0% in the 4th quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock valued at $40,504,000 after acquiring an additional 202,272 shares during the last quarter. Victory Capital Management Inc. increased its position in Kirby by 68.7% during the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company's stock valued at $58,428,000 after acquiring an additional 194,410 shares during the last quarter. Raymond James Financial Inc. bought a new position in Kirby during the fourth quarter valued at $18,749,000. DAVENPORT & Co LLC purchased a new stake in shares of Kirby in the fourth quarter valued at $16,390,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Kirby by 27.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company's stock worth $85,585,000 after acquiring an additional 152,146 shares during the last quarter. 96.15% of the stock is currently owned by hedge funds and other institutional investors.
Kirby Trading Up 0.3 %
Kirby stock traded up $0.26 during trading hours on Wednesday, hitting $96.63. The company had a trading volume of 581,130 shares, compared to its average volume of 667,239. 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 firm has a market cap of $5.52 billion, a P/E ratio of 19.68, a P/E/G ratio of 0.88 and a beta of 1.18. The company has a 50-day moving average price of $105.65 and a two-hundred day moving average price of $115.09. Kirby Co. has a 1 year low of $87.57 and a 1 year high of $132.21.
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 return on equity of 9.71% and a net margin of 8.78%. On average, sell-side analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current year.
Insider Activity
In other Kirby 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 directly 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 SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company's stock.
Wall Street Analysts Forecast Growth
KEX has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, January 31st. StockNews.com cut Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $129.25.
View 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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