Boothbay Fund Management LLC acquired a new position in Kirby Co. (NYSE:KEX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,575 shares of the shipping company's stock, valued at approximately $272,000.
Several other large investors have also modified their holdings of KEX. Wellington Management Group LLP increased its stake in Kirby by 1.6% in the 4th quarter. Wellington Management Group LLP now owns 1,762,651 shares of the shipping company's stock worth $186,488,000 after buying an additional 28,259 shares during the period. First Trust Advisors LP increased its position in shares of Kirby by 69.7% during the fourth quarter. First Trust Advisors LP now owns 876,292 shares of the shipping company's stock worth $92,712,000 after acquiring an additional 359,770 shares during the period. Norges Bank bought a new stake in shares of Kirby during the fourth quarter valued at approximately $74,293,000. Victory Capital Management Inc. boosted its holdings in shares of Kirby by 10.2% in the fourth quarter. Victory Capital Management Inc. now owns 525,708 shares of the shipping company's stock valued at $55,620,000 after purchasing an additional 48,475 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Kirby by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company's stock worth $43,911,000 after purchasing an additional 10,486 shares during the period. Hedge funds and other institutional investors own 96.15% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on KEX. Stifel Nicolaus lowered their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Bank of America decreased their price objective on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a research note on Friday, March 28th. Finally, StockNews.com downgraded shares of Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th.
Read Our Latest Report on Kirby
Kirby Stock Performance
KEX traded down $2.29 on Tuesday, reaching $102.24. 463,421 shares of the stock were exchanged, compared to its average volume of 539,540. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. Kirby Co. has a fifty-two week low of $83.94 and a fifty-two week high of $132.21. The firm has a market capitalization of $5.82 billion, a PE ratio of 20.82, a PEG ratio of 0.88 and a beta of 0.91. The company's 50-day moving average price is $97.72 and its 200 day moving average price is $108.44.
Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The shipping company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.27 by $0.06. The business had revenue of $785.66 million during the quarter, compared to analysts' expectations of $824.12 million. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. As a group, sell-side analysts forecast that Kirby Co. will post 6.57 EPS for the current fiscal year.
Insider Buying and Selling at Kirby
In related 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 completion of the transaction, the vice president now owns 5,545 shares in the company, valued at $596,697.45. The trade was a 18.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company's stock.
About Kirby
(
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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