Susquehanna Fundamental Investments LLC Takes Position in Kirby Co. (NYSE:KEX)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Kirby Co. (NYSE:KEX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 55,181 shares of the shipping company's stock, valued at approximately $5,838,000. Susquehanna Fundamental Investments LLC owned 0.10% of Kirby at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in shares of Kirby by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company's stock worth $895,000 after purchasing an additional 108 shares during the period. Huntington National Bank boosted its position in shares of Kirby by 6.8% during the 4th quarter. Huntington National Bank now owns 1,781 shares of the shipping company's stock worth $188,000 after acquiring an additional 113 shares in the last quarter. Stifel Financial Corp increased its stake in Kirby by 0.5% in the fourth quarter. Stifel Financial Corp now owns 29,047 shares of the shipping company's stock valued at $3,073,000 after acquiring an additional 138 shares during the last quarter. Corient Private Wealth LLC raised its position in Kirby by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 30,914 shares of the shipping company's stock valued at $3,271,000 after purchasing an additional 140 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Kirby by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 25,508 shares of the shipping company's stock worth $2,699,000 after purchasing an additional 160 shares during the last quarter. 96.15% of the stock is owned by institutional investors and hedge funds.

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 sale, the vice president now owns 5,545 shares in the company, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Kirby Trading Down 1.6 %

Shares of KEX stock opened at $96.67 on Monday. Kirby Co. has a twelve month low of $83.94 and a twelve month high of $132.21. The stock's fifty day simple moving average is $98.20 and its 200 day simple moving average is $109.44. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.50 billion, a P/E ratio of 19.69, a P/E/G ratio of 0.88 and a beta of 0.99.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings data 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 net margin of 8.78% and a return on equity of 9.71%. As a group, sell-side analysts predict that Kirby Co. will post 6.57 EPS for the current fiscal year.

Kirby Company 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.

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