Kirby Co. (NYSE:KEX) Shares Sold by Hood River Capital Management LLC

Hood River Capital Management LLC decreased its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 64.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 327,296 shares of the shipping company's stock after selling 598,240 shares during the period. Hood River Capital Management LLC owned 0.57% of Kirby worth $34,628,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. increased its stake in Kirby by 6.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 368,613 shares of the shipping company's stock worth $38,999,000 after buying an additional 22,513 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Kirby in the 4th quarter worth approximately $1,856,000. Price T Rowe Associates Inc. MD grew its holdings in Kirby by 45.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 355,781 shares of the shipping company's stock valued at $37,643,000 after buying an additional 111,385 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Kirby during the 4th quarter valued at approximately $1,075,000. Finally, Hsbc Holdings PLC raised its position in shares of Kirby by 117.7% during the fourth quarter. Hsbc Holdings PLC now owns 9,882 shares of the shipping company's stock valued at $1,047,000 after buying an additional 5,343 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus decreased their target price on Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Bank of America dropped their price target on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a research note on Friday, March 28th.

Insider Activity at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of Kirby 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 transaction, the vice president now directly owns 5,545 shares in the company, valued at approximately $596,697.45. This trade represents a 18.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Kirby Trading Down 1.5 %

NYSE:KEX traded down $1.43 during midday trading on Monday, hitting $95.36. 81,660 shares of the company traded hands, compared to its average volume of 533,023. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. The firm's fifty day moving average is $98.20 and its 200-day moving average is $109.44. The firm has a market capitalization of $5.43 billion, a P/E ratio of 19.42, a P/E/G ratio of 0.88 and a beta of 0.99. Kirby Co. has a 12-month low of $83.94 and a 12-month high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last released its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a return on equity of 9.71% and a net margin of 8.78%. On average, sell-side analysts predict that Kirby Co. will post 6.57 EPS for the current year.

Kirby Company 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.