King Luther Capital Management Corp Has $164.03 Million Stock Holdings in Kirby Co. (NYSE:KEX)

King Luther Capital Management Corp reduced its position in Kirby Co. (NYSE:KEX - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,550,410 shares of the shipping company's stock after selling 36,273 shares during the period. King Luther Capital Management Corp owned approximately 2.70% of Kirby worth $164,033,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Quest Partners LLC increased its holdings in Kirby by 0.7% in the 3rd quarter. Quest Partners LLC now owns 12,462 shares of the shipping company's stock worth $1,526,000 after acquiring an additional 89 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Kirby by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company's stock worth $895,000 after purchasing an additional 108 shares during the period. Huntington National Bank increased its holdings in shares of Kirby by 8.5% during the third quarter. Huntington National Bank now owns 1,668 shares of the shipping company's stock valued at $204,000 after acquiring an additional 130 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. Finally, Virtus Fund Advisers LLC boosted its position 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 buying an additional 233 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Stifel Nicolaus decreased their target price on Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.25.

Kirby Stock Performance

KEX traded up $2.88 during trading on Friday, reaching $99.05. The company's stock had a trading volume of 500,040 shares, compared to its average volume of 514,973. The company's fifty day moving average price is $105.30 and its 200-day moving average price is $114.83. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. Kirby Co. has a 52-week low of $87.57 and a 52-week high of $132.21.

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 return on equity of 9.71% and a net margin of 8.78%. On average, equities analysts forecast that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the transaction, the vice president now directly owns 5,545 shares in the company, valued at $596,697.45. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is owned by company insiders.

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.