Kirby Co. (NYSE:KEX) Stock Position Lowered by Shaker Investments LLC OH

Shaker Investments LLC OH lowered its position in shares of Kirby Co. (NYSE:KEX) by 3.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,663 shares of the shipping company’s stock after selling 1,269 shares during the period. Kirby accounts for 1.6% of Shaker Investments LLC OH’s investment portfolio, making the stock its 19th largest position. Shaker Investments LLC OH’s holdings in Kirby were worth $3,773,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Kirby by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock worth $25,000 after acquiring an additional 168 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Kirby in the 4th quarter valued at about $25,000. ORG Wealth Partners LLC purchased a new stake in shares of Kirby in the third quarter worth approximately $30,000. Brooklyn Investment Group acquired a new stake in shares of Kirby during the third quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Kirby during the third quarter worth approximately $52,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction 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. The trade was 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. Also, Director Richard Ross Stewart sold 8,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total value of $1,025,680.00. Following the completion of the transaction, the director now owns 15,488 shares of the company’s stock, valued at $1,985,716.48. The trade was a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KEX shares. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus cut their target price on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $129.25.

Kirby Price Performance

Shares of Kirby stock opened at $107.81 on Tuesday. Kirby Co. has a 1-year low of $83.24 and a 1-year high of $132.21. The firm has a fifty day simple moving average of $109.89 and a 200-day simple moving average of $117.14. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.89 and a beta of 1.19.

Kirby (NYSE:KEX) last released its quarterly earnings results 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 net margin of 8.78% and a return on equity of 9.78%. On average, sell-side analysts expect that Kirby Co. will post 6.54 earnings per share for the current 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.