Linscomb Wealth Inc. Sells 6,172 Shares of Kirby Co. (NYSE:KEX)

Linscomb Wealth Inc. trimmed its stake in Kirby Co. (NYSE:KEX - Free Report) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,488 shares of the shipping company's stock after selling 6,172 shares during the quarter. Linscomb Wealth Inc.'s holdings in Kirby were worth $1,639,000 as of its most recent SEC filing.

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

Insider Activity at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the business'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 sale, the vice president now owns 5,545 shares of the company's stock, valued at $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kirby currently has an average rating of "Moderate Buy" and an average target price of $129.25.

Kirby Stock Performance

Shares of Kirby stock traded down $0.73 on Tuesday, reaching $99.52. 624,864 shares of the company traded hands, compared to its average volume of 671,194. The company has a 50 day moving average of $106.69 and a 200 day moving average of $115.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. Kirby Co. has a 52 week low of $86.02 and a 52 week high of $132.21. The firm has a market capitalization of $5.68 billion, a PE ratio of 20.37, a PEG ratio of 0.88 and a beta of 1.19.

Kirby (NYSE:KEX - Get Free Report) last released its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share (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%. Equities analysts forecast that Kirby Co. will post 6.57 earnings per share for the current 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.