Hourglass Capital LLC Has $4.74 Million Position in Kirby Co. (NYSE:KEX)

Hourglass Capital LLC increased its stake in Kirby Co. (NYSE:KEX - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,825 shares of the shipping company's stock after purchasing an additional 3,890 shares during the quarter. Hourglass Capital LLC owned about 0.08% of Kirby worth $4,742,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KEX. Farther Finance Advisors LLC lifted its holdings in Kirby by 420.0% in the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock worth $25,000 after purchasing an additional 168 shares during the period. Empowered Funds LLC acquired a new stake in Kirby in the 4th quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in Kirby in the 3rd quarter valued at about $42,000. Capital Performance Advisors LLP acquired a new stake in Kirby in the 3rd quarter valued at about $52,000. Finally, R Squared Ltd acquired a new stake in Kirby in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 96.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KEX. StockNews.com downgraded shares of Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Stifel Nicolaus cut their price target on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $129.25.

Insider Activity

In other news, VP Scott P. Miller sold 1,244 shares of the company'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 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Kirby Trading Down 1.7 %

NYSE KEX traded down $1.83 on Wednesday, hitting $108.10. 567,486 shares of the company were exchanged, compared to its average volume of 691,525. The company's 50 day moving average price is $107.93 and its 200-day moving average price is $116.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 1.05. The firm has a market capitalization of $6.21 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19. Kirby Co. has a twelve month low of $84.56 and a twelve month high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last posted 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 9.78% and a net margin of 8.78%. Analysts predict that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

Kirby 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.