Victory Capital Management Inc. Acquires 48,475 Shares of Kirby Co. (NYSE:KEX)

Victory Capital Management Inc. increased its holdings in Kirby Co. (NYSE:KEX - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 525,708 shares of the shipping company's stock after buying an additional 48,475 shares during the period. Victory Capital Management Inc. owned 0.92% of Kirby worth $55,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of KEX. Wealth Enhancement Advisory Services LLC boosted its holdings in Kirby by 34.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,532 shares of the shipping company's stock valued at $310,000 after purchasing an additional 655 shares during the period. Farther Finance Advisors LLC boosted its holdings in Kirby by 420.0% in 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 period. Robeco Institutional Asset Management B.V. bought a new position in Kirby in the 3rd quarter valued at $871,000. Asset Management One Co. Ltd. boosted its holdings in Kirby by 7.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 23,855 shares of the shipping company's stock valued at $2,921,000 after purchasing an additional 1,672 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in Kirby in the 3rd quarter valued at $52,000. 96.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on KEX shares. StockNews.com downgraded shares of Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Stifel Nicolaus lowered their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Kirby has an average rating of "Moderate Buy" and an average target price of $129.25.

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Kirby Trading Down 1.0 %

NYSE:KEX traded down $0.96 during trading hours on Friday, reaching $97.03. The company's stock had a trading volume of 610,972 shares, compared to its average volume of 670,540. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.88 and a beta of 1.18. The firm has a 50-day simple moving average of $106.05 and a 200-day simple moving average of $115.40. Kirby Co. has a 1 year low of $86.02 and a 1 year 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.

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 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%. Research analysts expect that Kirby Co. will post 6.57 EPS for the current fiscal year.

Insider Activity

In other news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction 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. The trade was a 18.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company's stock.

Kirby Company 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.