XTX Topco Ltd Takes Position in Kirby Co. (NYSE:KEX)

XTX Topco Ltd bought a new stake in shares of Kirby Co. (NYSE:KEX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,950 shares of the shipping company's stock, valued at approximately $735,000.

A number of other institutional investors have also added to or reduced their stakes in KEX. Norges Bank purchased a new position in shares of Kirby in the 4th quarter worth approximately $74,293,000. Franklin Resources Inc. grew its position in shares of Kirby by 848.5% in the 4th quarter. Franklin Resources Inc. now owns 393,647 shares of the shipping company's stock worth $41,648,000 after buying an additional 352,144 shares during the last quarter. Artemis Investment Management LLP grew 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 worth $40,504,000 after purchasing an additional 202,272 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Kirby during the 4th quarter worth approximately $18,749,000. Finally, DAVENPORT & Co LLC purchased a new stake in Kirby during the 4th quarter worth approximately $16,390,000. Hedge funds and other institutional investors own 96.15% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at Kirby

In related news, VP Scott P. Miller sold 1,244 shares of the business's 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 completion of the transaction, the vice president now directly owns 5,545 shares in the company, valued at $596,697.45. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company's stock.

Kirby Stock Performance

NYSE KEX traded up $1.86 on Wednesday, hitting $96.63. 105,445 shares of the company's stock traded hands, compared to its average volume of 630,090. 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 Co. has a 1-year low of $83.94 and a 1-year high of $132.21. The firm's 50-day moving average price is $98.92 and its two-hundred day moving average price is $110.04. The firm has a market capitalization of $5.50 billion, a PE ratio of 19.68, a P/E/G ratio of 0.88 and a beta of 0.99.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data 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%. As a group, analysts expect that Kirby Co. will post 6.57 EPS for the current 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.