Kirby Co. (NYSE:KEX) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its position in Kirby Co. (NYSE:KEX - Free Report) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,118 shares of the shipping company's stock after acquiring an additional 6,404 shares during the quarter. Federated Hermes Inc. owned approximately 0.12% of Kirby worth $7,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of Kirby during the 4th quarter valued at about $25,000. R Squared Ltd purchased a new position in Kirby during the fourth quarter valued at approximately $76,000. Signaturefd LLC lifted its holdings 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 in the last quarter. Huntington National Bank boosted its position in shares of Kirby by 6.8% in the fourth quarter. Huntington National Bank now owns 1,781 shares of the shipping company's stock worth $188,000 after purchasing an additional 113 shares during the period. Finally, Ieq Capital LLC bought a new stake in shares of Kirby during the 4th quarter valued at $257,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KEX shares. Bank of America dropped their price target on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a research note on Friday, March 28th. StockNews.com lowered shares of Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Finally, Stifel Nicolaus lowered their target price on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st.

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Kirby Stock Performance

NYSE KEX traded down $0.63 during trading hours on Tuesday, reaching $95.42. The stock had a trading volume of 130,283 shares, compared to its average volume of 540,553. Kirby Co. has a 52-week low of $83.94 and a 52-week high of $132.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. The stock has a market cap of $5.43 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. The stock has a fifty day moving average of $100.41 and a 200 day moving average of $111.11.

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 the consensus estimate of $1.30 by ($0.01). Kirby had a return on equity of 9.71% and a net margin of 8.78%. Sell-side analysts predict that Kirby Co. will post 6.57 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction 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 approximately $596,697.45. This trade represents a 18.32 % decrease in their position. The transaction 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 insiders.

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.