ExodusPoint Capital Management LP Invests $1.26 Million in Kirby Co. (NYSE:KEX)

ExodusPoint Capital Management LP bought a new stake in Kirby Co. (NYSE:KEX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,882 shares of the shipping company's stock, valued at approximately $1,257,000.

Several other large investors also recently bought and sold shares of KEX. Empowered Funds LLC purchased a new position in shares of Kirby in the 4th quarter worth $25,000. R Squared Ltd bought a new stake in Kirby during the fourth quarter worth approximately $76,000. Signaturefd LLC raised its position in Kirby by 13.1% during the fourth quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock valued at $185,000 after purchasing an additional 202 shares during the period. Huntington National Bank lifted its stake in shares of Kirby by 6.8% in the 4th quarter. Huntington National Bank now owns 1,781 shares of the shipping company's stock valued at $188,000 after purchasing an additional 113 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in shares of Kirby during the 4th quarter valued at approximately $257,000. Institutional investors own 96.15% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus lowered 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. Finally, Bank of America reduced their target price 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.

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Kirby Stock Up 0.1 %

Shares of Kirby stock traded up $0.13 during trading on Tuesday, hitting $96.18. 39,981 shares of the stock traded hands, compared to its average volume of 540,197. Kirby Co. has a 52-week low of $83.94 and a 52-week high of $132.21. The stock's fifty day simple moving average is $100.41 and its 200 day simple moving average is $111.11. The firm has a market cap of $5.47 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26.

Kirby (NYSE:KEX - Get Free Report) last posted its earnings results on Thursday, January 30th. The shipping company reported $1.29 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%. On average, equities analysts predict that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the firm's 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 of the company's stock, valued at approximately $596,697.45. This trade represents a 18.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

Kirby Company Profile

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.