Thrivent Financial for Lutherans lessened its stake in Kirby Co. (NYSE:KEX - Free Report) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,528 shares of the shipping company's stock after selling 13,276 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Kirby worth $4,922,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in Kirby by 27.5% in the third quarter. JPMorgan Chase & Co. now owns 142,265 shares of the shipping company's stock worth $17,418,000 after purchasing an additional 30,713 shares in the last quarter. Advantage Alpha Capital Partners LP increased its stake in shares of Kirby by 51.2% during the third quarter. Advantage Alpha Capital Partners LP now owns 48,693 shares of the shipping company's stock valued at $5,961,000 after buying an additional 16,497 shares during the period. Bank of New York Mellon Corp lifted its stake in Kirby by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company's stock worth $43,911,000 after acquiring an additional 10,486 shares during the period. Artemis Investment Management LLP increased its position in Kirby by 112.0% during the 4th quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock valued at $40,504,000 after purchasing an additional 202,272 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Kirby by 24.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 29,659 shares of the shipping company's stock valued at $3,143,000 after purchasing an additional 5,804 shares in the last quarter. Institutional investors own 96.15% of the company's stock.
Kirby Stock Down 2.1 %
Shares of KEX stock traded down $2.12 during trading hours on Friday, reaching $100.77. 481,984 shares of the company's stock were exchanged, compared to its average volume of 530,002. Kirby Co. has a 1 year low of $93.63 and a 1 year 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. The stock has a market cap of $5.73 billion, a PE ratio of 20.52, a PEG ratio of 0.88 and a beta of 1.18. The stock's fifty day moving average price is $104.37 and its two-hundred day moving average price is $113.73.
Kirby (NYSE:KEX - Get Free Report) last released its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a return on equity of 9.71% and a net margin of 8.78%. Research analysts predict that Kirby Co. will post 6.57 EPS for the current year.
Insiders Place Their Bets
In other Kirby news, VP Scott P. Miller sold 1,244 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 5,545 shares of the company's stock, valued at approximately $596,697.45. This trade represents a 18.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
KEX has been the topic of a number of recent research reports. Bank of America dropped their price objective on shares of Kirby from $133.00 to $123.00 and set a "buy" rating on the stock in a research note on Friday. Stifel Nicolaus decreased their price objective on Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.75.
View Our Latest Analysis on KEX
Kirby Company Profile
(
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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