Axiom Investors LLC DE lifted its holdings in Kirby Co. (NYSE:KEX - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 118,768 shares of the shipping company's stock after acquiring an additional 29,736 shares during the quarter. Axiom Investors LLC DE owned 0.21% of Kirby worth $12,566,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in Kirby by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 1,762,651 shares of the shipping company's stock worth $186,488,000 after acquiring an additional 28,259 shares during the last quarter. State Street Corp increased its stake in shares of Kirby by 0.7% in 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 during the period. Geode Capital Management LLC raised its holdings in Kirby by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company's stock valued at $117,724,000 after buying an additional 2,784 shares during the last quarter. Norges Bank purchased a new stake in Kirby during the 4th quarter valued at $74,293,000. Finally, Victory Capital Management Inc. grew its holdings in Kirby by 10.2% in 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. Hedge funds and other institutional investors own 96.15% of the company's stock.
Kirby Stock Down 5.0 %
Shares of KEX traded down $4.66 during mid-day trading on Friday, reaching $88.24. The company had a trading volume of 338,694 shares, compared to its average volume of 532,274. Kirby Co. has a 52 week low of $85.33 and a 52 week 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. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The firm has a 50-day moving average price of $103.23 and a 200 day moving average price of $113.18.
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%. On average, sell-side analysts forecast that Kirby Co. will post 6.57 EPS for the current year.
Insider Activity at Kirby
In other 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 completion of the transaction, the vice president now owns 5,545 shares in the company, valued at $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 is available through this link. 0.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Bank of America lowered their price target on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a research report on Friday, March 28th. Stifel Nicolaus lowered their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a report on Friday, January 31st. Finally, StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th.
Read Our Latest Stock Analysis on KEX
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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