JPMorgan Chase & Co. lifted its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,495 shares of the shipping company's stock after acquiring an additional 19,230 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of Kirby worth $17,086,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Artemis Investment Management LLP raised its stake in shares of Kirby by 112.0% during the 4th quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock worth $40,504,000 after buying an additional 202,272 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Kirby in the fourth quarter valued at about $18,749,000. DAVENPORT & Co LLC acquired a new position in shares of Kirby during the 4th quarter worth about $16,390,000. Allspring Global Investments Holdings LLC lifted its stake in Kirby by 92.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 221,460 shares of the shipping company's stock valued at $23,247,000 after buying an additional 106,411 shares in the last quarter. Finally, Empire Life Investments Inc. acquired a new position in shares of Kirby during the fourth quarter valued at approximately $10,442,000. Hedge funds and other institutional investors own 96.15% of the company's stock.
Analyst Upgrades and Downgrades
KEX has been the subject of several recent research reports. Stifel Nicolaus reduced their price objective on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st. StockNews.com lowered shares of Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Finally, Bank of America cut their price target on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a report on Friday, March 28th.
Check Out Our Latest Report on Kirby
Kirby Trading Down 0.3 %
NYSE:KEX traded down $0.33 on Tuesday, hitting $95.72. The stock had a trading volume of 260,951 shares, compared to its average volume of 541,048. The company has a fifty day moving average price of $100.41 and a two-hundred day moving average price of $111.11. Kirby Co. has a 1-year low of $83.94 and a 1-year high of $132.21. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 0.88 and a beta of 0.99.
Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that Kirby Co. will post 6.57 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, VP Scott P. Miller sold 1,244 shares of the firm's stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.90% of the company's stock.
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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