Rhumbline Advisers Has $16.44 Million Holdings in Kirby Co. (NYSE:KEX)

Rhumbline Advisers reduced its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,352 shares of the shipping company's stock after selling 2,610 shares during the period. Rhumbline Advisers owned approximately 0.27% of Kirby worth $16,436,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Kirby by 0.7% during the third quarter. State Street Corp now owns 1,667,520 shares of the shipping company's stock worth $204,154,000 after buying an additional 12,337 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Kirby by 0.3% during the third quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company's stock worth $117,724,000 after buying an additional 2,784 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kirby by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company's stock worth $85,585,000 after buying an additional 152,146 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kirby by 68.7% during the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company's stock worth $58,428,000 after buying an additional 194,410 shares in the last quarter. Finally, Artemis Investment Management LLP increased its holdings in shares of Kirby by 112.0% during the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock worth $40,504,000 after buying an additional 202,272 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Scott P. Miller sold 1,244 shares of the company's 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 transaction, the vice president now owns 5,545 shares in the company, valued at approximately $596,697.45. This represents a 18.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on KEX shares. Stifel Nicolaus reduced their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. StockNews.com cut shares of Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $129.25.

Kirby Trading Down 3.3 %

KEX traded down $3.47 during trading on Friday, reaching $102.68. 647,071 shares of the stock traded hands, compared to its average volume of 671,109. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.87 billion, a PE ratio of 20.91, a P/E/G ratio of 0.88 and a beta of 1.19. The stock's 50-day moving average is $107.70 and its 200 day moving average is $116.53. Kirby Co. has a 12 month low of $85.40 and a 12 month high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly 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 net margin of 8.78% and a return on equity of 9.71%. Equities analysts anticipate 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.