Landscape Capital Management L.L.C. Invests $310,000 in Kirby Co. (NYSE:KEX)

Landscape Capital Management L.L.C. purchased a new position in Kirby Co. (NYSE:KEX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,930 shares of the shipping company's stock, valued at approximately $310,000.

Several other institutional investors have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of Kirby in the fourth quarter valued at $25,000. R Squared Ltd purchased a new stake in Kirby in the 4th quarter worth about $76,000. Hilltop Holdings Inc. bought a new stake in Kirby in the 3rd quarter valued at about $202,000. Signaturefd LLC raised its stake in Kirby by 13.1% in the 4th quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock valued at $185,000 after acquiring an additional 202 shares during the period. Finally, Huntington National Bank lifted its holdings in Kirby by 6.8% during the fourth quarter. Huntington National Bank now owns 1,781 shares of the shipping company's stock valued at $188,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

Insider Buying and Selling

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total value of $133,866.84. Following the transaction, the vice president now directly owns 5,545 shares in the company, valued at $596,697.45. This represents a 18.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

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Kirby Price Performance

Shares of KEX traded up $3.37 during midday trading on Friday, hitting $96.59. 697,365 shares of the company traded hands, compared to its average volume of 542,615. The stock has a 50-day moving average of $100.66 and a 200-day moving average of $111.31. 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 Co. has a one year low of $83.94 and a one year high of $132.21. The firm has a market cap of $5.50 billion, a P/E ratio of 19.67, a PEG ratio of 0.88 and a beta of 0.99.

Kirby (NYSE:KEX - Get Free Report) last posted its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share 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%. As a group, sell-side analysts predict that Kirby Co. will post 6.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus reduced their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Bank of America dropped their target price on Kirby from $133.00 to $123.00 and set a "buy" rating on the stock in a research report on Friday, March 28th.

Kirby 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.