Kirby Co. (NYSE:KEX) Holdings Decreased by Americana Partners LLC

Americana Partners LLC decreased its holdings in shares of Kirby Co. (NYSE:KEX) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the shipping company’s stock after selling 100 shares during the quarter. Americana Partners LLC’s holdings in Kirby were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Artemis Investment Management LLP boosted its position in Kirby by 112.0% during the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company’s stock valued at $40,504,000 after purchasing an additional 202,272 shares during the last quarter. Victory Capital Management Inc. boosted its position in Kirby by 68.7% during the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock valued at $58,428,000 after purchasing an additional 194,410 shares during the last quarter. DAVENPORT & Co LLC acquired a new stake in Kirby during the fourth quarter valued at $16,390,000. Charles Schwab Investment Management Inc. boosted its position in Kirby by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company’s stock valued at $85,585,000 after purchasing an additional 152,146 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted 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 during the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Insider Transactions at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of Kirby 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 transaction, 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 this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Kirby Trading Up 1.4 %

Kirby stock opened at $109.98 on Wednesday. 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 50-day simple moving average is $108.29 and its 200-day simple moving average is $116.66. The firm has a market capitalization of $6.31 billion, a PE ratio of 22.40, a PEG ratio of 0.89 and a beta of 1.19. Kirby Co. has a 52 week low of $84.56 and a 52 week high of $132.21.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 EPS 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%. Equities research analysts forecast that Kirby Co. will post 6.54 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.