Oppenheimer Asset Management Inc. Has $7.84 Million Stock Holdings in Kirby Co. (NYSE:KEX)

Oppenheimer Asset Management Inc. lowered its stake in Kirby Co. (NYSE:KEX - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,086 shares of the shipping company's stock after selling 5,055 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.13% of Kirby worth $7,838,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KEX. Quest Partners LLC boosted its position in Kirby by 0.7% during the third quarter. Quest Partners LLC now owns 12,462 shares of the shipping company's stock worth $1,526,000 after purchasing an additional 89 shares during the period. Americana Partners LLC boosted its holdings in shares of Kirby by 2.1% during the 3rd quarter. Americana Partners LLC now owns 4,900 shares of the shipping company's stock worth $600,000 after buying an additional 100 shares during the period. Janney Montgomery Scott LLC grew its stake in Kirby by 1.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company's stock valued at $895,000 after buying an additional 108 shares during the last quarter. Huntington National Bank grew its stake in Kirby by 8.5% in the 3rd quarter. Huntington National Bank now owns 1,668 shares of the shipping company's stock valued at $204,000 after buying an additional 130 shares during the last quarter. Finally, Creative Planning raised its holdings in Kirby by 2.2% in the 3rd quarter. Creative Planning now owns 6,683 shares of the shipping company's stock valued at $818,000 after acquiring an additional 147 shares during the period. 96.15% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Kirby

In related 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 completion of the sale, the vice president now owns 5,545 shares of the company's stock, valued at $596,697.45. This represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

Kirby Stock Performance

Shares of NYSE:KEX traded down $0.17 on Tuesday, reaching $100.08. 584,884 shares of the company's stock were exchanged, compared to its average volume of 670,796. Kirby Co. has a twelve month low of $86.02 and a twelve month high of $132.21. The company has a fifty day moving average of $106.69 and a 200-day moving average of $115.94. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 0.88 and a beta of 1.19. 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 issued 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, research analysts predict that Kirby Co. will post 6.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KEX. StockNews.com cut Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Stifel Nicolaus reduced their price target on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note 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, Kirby has an average rating of "Moderate Buy" and a consensus target price 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.