Wellington Management Group LLP Grows Holdings in Kirby Co. (NYSE:KEX)

Wellington Management Group LLP lifted its holdings in Kirby Co. (NYSE:KEX - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,762,651 shares of the shipping company's stock after purchasing an additional 28,259 shares during the period. Wellington Management Group LLP owned approximately 3.10% of Kirby worth $186,488,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KEX. Janney Montgomery Scott LLC grew its stake 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 acquiring an additional 108 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Kirby by 0.5% in 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 during the period. Signaturefd LLC grew its stake in Kirby by 13.1% during the 4th quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock worth $185,000 after purchasing an additional 202 shares in the last quarter. Virtus Fund Advisers LLC increased its holdings in Kirby by 38.8% during the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company's stock worth $102,000 after purchasing an additional 233 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Kirby in the 4th quarter valued at about $25,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KEX has been the subject of a number of analyst reports. Bank of America lowered their price objective on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a research report on Friday, March 28th. StockNews.com cut shares of Kirby from a "buy" rating to a "hold" rating in a report on Thursday, January 9th. Finally, Stifel Nicolaus reduced 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.

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Insider Activity at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the business'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 completion of the sale, the vice president now directly owns 5,545 shares of the company's stock, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company's stock.

Kirby Stock Down 0.8 %

Shares of KEX traded down $0.69 during mid-day trading on Monday, reaching $88.48. The company's stock had a trading volume of 868,741 shares, compared to its average volume of 537,850. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. Kirby Co. has a 12-month low of $83.94 and a 12-month high of $132.21. The stock has a market cap of $5.03 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. The company's 50 day moving average is $102.47 and its 200 day moving average is $112.55.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 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%. Equities analysts anticipate that Kirby Co. will post 6.57 EPS for the current fiscal year.

About Kirby

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.