Trexquant Investment LP Has $15.07 Million Stock Position in Kirby Co. (NYSE:KEX)

Trexquant Investment LP increased its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 310.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,462 shares of the shipping company's stock after acquiring an additional 107,721 shares during the period. Trexquant Investment LP owned about 0.25% of Kirby worth $15,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Kirby during the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in shares of Kirby during the 4th quarter worth $76,000. Virtus Fund Advisers LLC lifted its stake in shares of Kirby by 38.8% in the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company's stock valued at $102,000 after purchasing an additional 233 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in Kirby in the third quarter worth $202,000. Finally, Signaturefd LLC raised its holdings in Kirby by 13.1% during the fourth quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock valued at $185,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KEX. Bank of America cut their price objective on Kirby from $133.00 to $123.00 and set a "buy" rating on the stock in a research note on Friday, March 28th. Stifel Nicolaus cut their target price 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, StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th.

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Insider Activity

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value 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. This trade represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company's stock.

Kirby Price Performance

NYSE:KEX traded down $3.70 during trading hours on Friday, reaching $89.20. The company had a trading volume of 1,175,353 shares, compared to its average volume of 536,526. The firm has a market capitalization of $5.08 billion, a PE ratio of 18.17, a PEG ratio of 0.88 and a beta of 0.99. The stock has a 50-day moving average of $102.83 and a two-hundred day moving average of $112.89. Kirby Co. has a one year low of $85.33 and a one year high of $132.21. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.71%. Analysts forecast that Kirby Co. will post 6.57 earnings per share for the current year.

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.