Royce & Associates LP reduced its stake in Kirby Co. (NYSE:KEX - Free Report) by 31.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,299 shares of the shipping company's stock after selling 68,831 shares during the period. Royce & Associates LP owned 0.26% of Kirby worth $15,690,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in KEX. State Street Corp raised its stake in Kirby by 0.7% during the 3rd 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 during the period. Geode Capital Management LLC increased its position in shares of Kirby by 0.3% in the third quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company's stock valued at $117,724,000 after acquiring an additional 2,784 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in 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 purchasing an additional 152,146 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Kirby by 10.2% during the 4th quarter. Victory Capital Management Inc. now owns 525,708 shares of the shipping company's stock worth $55,620,000 after acquiring an additional 48,475 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings 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 buying an additional 10,486 shares during the period. 96.15% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
KEX has been the topic of a number of analyst reports. Stifel Nicolaus decreased their target price 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. StockNews.com lowered shares of Kirby from a "buy" rating to a "hold" rating in a research report 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $129.25.
Check Out Our Latest Stock Analysis on Kirby
Kirby Trading Down 0.4 %
NYSE KEX traded down $0.40 during mid-day trading on Thursday, reaching $100.11. 318,138 shares of the stock were exchanged, compared to its average volume of 514,705. Kirby Co. has a one year low of $89.28 and a one year high of $132.21. The stock has a market cap of $5.70 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.88 and a beta of 1.18. The stock has a 50 day simple moving average of $104.83 and a 200-day simple moving average of $114.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05.
Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share 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%. On average, analysts anticipate that Kirby Co. will post 6.57 EPS for the current year.
Insider Buying and Selling
In related news, VP Scott P. Miller sold 1,244 shares of the business'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 directly owns 5,545 shares in the company, 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 link. 1.50% of the stock is owned by corporate insiders.
About Kirby
(
Free Report)
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.
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