Stanley Laman Group Ltd. Has $4.11 Million Stock Holdings in Kirby Co. (NYSE:KEX)

Stanley Laman Group Ltd. increased its position in Kirby Co. (NYSE:KEX) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 38,803 shares of the shipping company’s stock after buying an additional 918 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Kirby were worth $4,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Kirby Stock Performance

NYSE:KEX opened at $106.00 on Thursday. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 0.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. The business’s fifty day moving average is $109.24 and its 200 day moving average is $116.99. Kirby Co. has a 52-week low of $83.24 and a 52-week high of $132.21.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Kirby had a return on equity of 9.78% and a net margin of 8.78%. Research analysts predict that Kirby Co. will post 6.54 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KEX shares. Stifel Nicolaus lowered their target price on Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insiders Place Their Bets

In other news, Director Richard Ross Stewart sold 8,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the transaction, the director now directly owns 15,488 shares in the company, valued at approximately $1,985,716.48. This represents a 34.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Scott P. Miller sold 1,244 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value of $133,866.84. Following the transaction, the vice president now owns 5,545 shares in the company, valued at $596,697.45. This trade represents a 18.32 % 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.

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.