Y Intercept Hong Kong Ltd purchased a new position in Kirby Co. (NYSE:KEX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,531 shares of the shipping company's stock, valued at approximately $1,114,000.
A number of other large investors have also recently made changes to their positions in KEX. Artemis Investment Management LLP grew its stake in shares of Kirby by 112.0% in the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company's stock worth $40,504,000 after acquiring an additional 202,272 shares during the period. Victory Capital Management Inc. grew its position in shares of Kirby by 68.7% during the 3rd quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company's stock valued at $58,428,000 after acquiring an additional 194,410 shares during the period. DAVENPORT & Co LLC purchased a new stake in shares of Kirby in the 4th quarter worth $16,390,000. Charles Schwab Investment Management Inc. raised its holdings in Kirby by 27.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company's stock worth $85,585,000 after purchasing an additional 152,146 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Kirby by 92.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 221,460 shares of the shipping company's stock valued at $23,247,000 after purchasing an additional 106,411 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors.
Kirby Price Performance
NYSE KEX traded up $1.86 during trading hours on Friday, reaching $104.19. The company's stock had a trading volume of 812,611 shares, compared to its average volume of 678,072. The firm's 50-day moving average price is $106.80 and its 200-day moving average price is $116.07. 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 Co. has a 1 year low of $86.02 and a 1 year high of $132.21. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 0.88 and a beta of 1.19.
Kirby (NYSE:KEX - Get Free Report) last released 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 return on equity of 9.71% and a net margin of 8.78%. On average, equities research analysts predict that Kirby Co. will post 6.57 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. StockNews.com cut Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $129.25.
Get Our Latest Analysis on Kirby
Insider Activity
In other Kirby news, VP Scott P. Miller sold 1,244 shares of the company's stock in a transaction on 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 in the company, valued at approximately $596,697.45. This represents a 18.32 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company's stock.
Kirby Company Profile
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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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