EverSource Wealth Advisors LLC boosted its stake in Kirby Co. (NYSE:KEX - Free Report) by 51.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,548 shares of the shipping company's stock after acquiring an additional 4,627 shares during the period. EverSource Wealth Advisors LLC's holdings in Kirby were worth $1,433,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. AGF Management Ltd. raised its holdings in Kirby by 371.4% in the fourth quarter. AGF Management Ltd. now owns 66,313 shares of the shipping company's stock valued at $7,016,000 after acquiring an additional 52,247 shares in the last quarter. Amundi acquired a new stake in Kirby in the fourth quarter valued at $2,143,000. PNC Financial Services Group Inc. raised its holdings in Kirby by 9.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,402 shares of the shipping company's stock valued at $466,000 after acquiring an additional 379 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in Kirby by 9.2% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 22,308 shares of the shipping company's stock valued at $2,360,000 after acquiring an additional 1,881 shares in the last quarter. Finally, Inceptionr LLC raised its holdings in Kirby by 13.7% in the fourth quarter. Inceptionr LLC now owns 7,482 shares of the shipping company's stock valued at $792,000 after acquiring an additional 901 shares in the last quarter. 96.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have weighed in 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. Stifel Nicolaus lowered their target price on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note 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.com, the company has an average rating of "Moderate Buy" and an average price target of $129.25.
Read Our Latest Stock Report on Kirby
Kirby Stock Performance
KEX stock traded down $0.40 during trading on Thursday, hitting $96.24. 557,491 shares of the company's stock traded hands, compared to its average volume of 667,137. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Kirby Co. has a 52 week low of $87.57 and a 52 week high of $132.21. The stock has a fifty day moving average price of $105.47 and a two-hundred day moving average price of $114.96. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18.
Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 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%. As a group, equities analysts anticipate that Kirby Co. will post 6.57 EPS for the current fiscal year.
Insider Transactions at Kirby
In related news, VP Scott P. Miller sold 1,244 shares of the stock in a transaction dated 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. This represents a 18.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company's stock.
Kirby Profile
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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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