EFG Asset Management North America Corp. Increases Stock Position in Kirby Co. (NYSE:KEX)

EFG Asset Management North America Corp. boosted its position in Kirby Co. (NYSE:KEX - Free Report) by 58.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,503 shares of the shipping company's stock after buying an additional 9,394 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Kirby were worth $2,700,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in Kirby during the fourth quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in Kirby in the third quarter valued at $42,000. R Squared Ltd acquired a new position in Kirby during the fourth quarter worth $76,000. Virtus Fund Advisers LLC lifted its holdings in shares of Kirby by 38.8% during the third quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company's stock valued at $102,000 after acquiring an additional 233 shares during the period. Finally, Hilltop Holdings Inc. acquired a new stake in shares of Kirby in the 3rd quarter valued at $202,000. Institutional investors own 96.15% of the company's stock.

Kirby Price Performance

Shares of Kirby stock traded down $2.12 on Friday, reaching $100.77. 481,984 shares of the stock were exchanged, compared to its average volume of 530,639. 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 $5.73 billion, a PE ratio of 20.52, a P/E/G ratio of 0.88 and a beta of 1.18. The firm's 50 day moving average is $104.15 and its 200-day moving average is $113.63. Kirby Co. has a one year low of $93.63 and a one year high of $132.21.

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Kirby (NYSE:KEX - Get Free Report) last released its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share 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%. As a group, analysts anticipate that Kirby Co. will post 6.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KEX has been the subject of several research analyst reports. Stifel Nicolaus dropped their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, January 31st. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, Bank of America dropped 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.75.

Insider Transactions at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the 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 transaction, the vice president now directly owns 5,545 shares in the company, valued at approximately $596,697.45. This represents a 18.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company's stock.

About Kirby

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.