F M Investments LLC Sells 76,203 Shares of Kirby Co. (NYSE:KEX)

F M Investments LLC lessened its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 64.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,735 shares of the shipping company's stock after selling 76,203 shares during the quarter. F M Investments LLC owned about 0.07% of Kirby worth $4,416,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Kirby in the fourth quarter valued at $74,293,000. Franklin Resources Inc. grew its position in Kirby by 848.5% in the fourth quarter. Franklin Resources Inc. now owns 393,647 shares of the shipping company's stock worth $41,648,000 after acquiring an additional 352,144 shares in the last quarter. Artemis Investment Management LLP lifted its stake in shares of 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 purchasing an additional 202,272 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Kirby in the 4th quarter worth approximately $18,749,000. Finally, DAVENPORT & Co LLC purchased a new stake in Kirby during the 4th quarter valued at $16,390,000. Institutional investors own 96.15% of the company's stock.

Insider Transactions at Kirby

In related 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America cut their price objective 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 lowered shares of Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Finally, Stifel Nicolaus dropped their target price on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research report on Friday, January 31st.

Kirby Trading Down 0.3 %

Shares of NYSE KEX traded down $0.33 during mid-day trading on Tuesday, reaching $95.72. The company had a trading volume of 260,951 shares, compared to its average volume of 644,854. Kirby Co. has a 52 week low of $83.94 and a 52 week high of $132.21. The business's 50-day moving average is $100.41 and its 200-day moving average is $111.11. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26.

Kirby (NYSE:KEX - Get Free Report) last issued its earnings results 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%. Equities analysts expect that Kirby Co. will post 6.57 earnings per share for the current year.

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.