New York State Teachers Retirement System Decreases Stock Position in Kirby Co. (NYSE:KEX)

New York State Teachers Retirement System lowered its position in Kirby Co. (NYSE:KEX - Free Report) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,187 shares of the shipping company's stock after selling 4,700 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Kirby worth $6,791,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its stake in Kirby by 30.9% in the fourth quarter. V Square Quantitative Management LLC now owns 3,234 shares of the shipping company's stock worth $347,000 after acquiring an additional 764 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Kirby by 24.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 29,659 shares of the shipping company's stock worth $3,143,000 after acquiring an additional 5,804 shares during the last quarter. Stanley Laman Group Ltd. lifted its stake in Kirby by 2.4% in the fourth quarter. Stanley Laman Group Ltd. now owns 38,803 shares of the shipping company's stock worth $4,105,000 after acquiring an additional 918 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Kirby by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 221,460 shares of the shipping company's stock worth $23,247,000 after acquiring an additional 106,411 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Kirby in the fourth quarter worth approximately $1,142,000. Hedge funds and other institutional investors own 96.15% of the company's stock.

Insiders Place Their Bets

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company's stock.

Kirby Stock Performance

Shares of Kirby stock traded down $3.47 during trading on Friday, reaching $102.68. The company's stock had a trading volume of 647,071 shares, compared to its average volume of 671,109. The company has a 50-day moving average price of $107.70 and a two-hundred day moving average price of $116.53. The firm has a market cap of $5.87 billion, a PE ratio of 20.91, a P/E/G ratio of 0.88 and a beta of 1.19. Kirby Co. has a fifty-two week low of $85.40 and a fifty-two week high of $132.21. 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 posted its quarterly earnings data 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 net margin of 8.78% and a return on equity of 9.71%. On average, analysts forecast that Kirby Co. will post 6.57 EPS for the current year.

Analyst Ratings Changes

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

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.