Ontario Teachers Pension Plan Board Has $1.61 Million Stake in Kirby Co. (NYSE:KEX)

Ontario Teachers Pension Plan Board lifted its holdings in shares of Kirby Co. (NYSE:KEX - Free Report) by 165.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,222 shares of the shipping company's stock after purchasing an additional 9,490 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Kirby were worth $1,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in Kirby by 27.5% during the third quarter. JPMorgan Chase & Co. now owns 142,265 shares of the shipping company's stock valued at $17,418,000 after purchasing an additional 30,713 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Kirby by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company's stock worth $43,911,000 after purchasing an additional 10,486 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Kirby during the 4th quarter valued at approximately $18,749,000. Artemis Investment Management LLP grew its holdings in Kirby by 112.0% in the 4th quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock valued at $40,504,000 after buying an additional 202,272 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Kirby by 24.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 29,659 shares of the shipping company's stock worth $3,143,000 after buying an additional 5,804 shares during the last quarter. Institutional investors own 96.15% of the company's stock.

Analysts Set New Price Targets

KEX has been the topic of a number of research reports. Bank of America dropped their target price on shares of Kirby from $133.00 to $123.00 and set a "buy" rating on the stock in a research report on Friday, March 28th. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Finally, Stifel Nicolaus cut their target price on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st.

Kirby Price Performance

NYSE:KEX traded down $1.96 during trading hours on Monday, reaching $93.37. The company had a trading volume of 42,551 shares, compared to its average volume of 543,957. The firm has a market capitalization of $5.31 billion, a PE ratio of 19.02, a PEG ratio of 0.88 and a beta of 0.99. The stock has a 50-day moving average of $99.44 and a two-hundred day moving average of $110.35. Kirby Co. has a one year low of $83.94 and a one 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.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.78% and a return on equity of 9.71%. Analysts forecast that Kirby Co. will post 6.57 earnings per share for the current year.

Insider Transactions at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% 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.