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Kirby Co. (NYSE:KEX) Shares Bought by Quadrature Capital Ltd

Kirby logo with Transportation background

Quadrature Capital Ltd increased its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 166.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,934 shares of the shipping company's stock after buying an additional 6,832 shares during the period. Quadrature Capital Ltd's holdings in Kirby were worth $859,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Kirby by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 6,097,723 shares of the shipping company's stock valued at $478,549,000 after purchasing an additional 81,808 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Kirby by 3.6% during the fourth quarter. Wellington Management Group LLP now owns 1,828,758 shares of the shipping company's stock valued at $143,521,000 after purchasing an additional 63,611 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Kirby by 0.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 384,068 shares of the shipping company's stock valued at $30,142,000 after purchasing an additional 1,360 shares in the last quarter. Virtu Financial LLC purchased a new position in Kirby during the fourth quarter valued at $464,000. Finally, V Square Quantitative Management LLC purchased a new position in Kirby during the fourth quarter valued at $194,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director William M. Waterman sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $114.51, for a total transaction of $1,145,100.00. Following the completion of the sale, the director now directly owns 77,316 shares in the company, valued at $8,853,455.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director William M. Waterman sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $114.51, for a total transaction of $1,145,100.00. Following the completion of the sale, the director now directly owns 77,316 shares in the company, valued at $8,853,455.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Scott P. Miller sold 6,705 shares of the firm's stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $95.05, for a total transaction of $637,310.25. Following the sale, the vice president now owns 1,000 shares of the company's stock, valued at $95,050. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,934 shares of company stock worth $4,547,167. Insiders own 1.50% of the company's stock.


Wall Street Analyst Weigh In

Several research firms have issued reports on KEX. Wolfe Research began coverage on shares of Kirby in a report on Monday, April 22nd. They set an "outperform" rating and a $126.00 price objective on the stock. StockNews.com raised shares of Kirby from a "hold" rating to a "buy" rating in a report on Tuesday, April 16th. Bank of America increased their price objective on shares of Kirby from $131.00 to $138.00 and gave the company a "buy" rating in a report on Monday. Stifel Nicolaus raised their price target on shares of Kirby from $131.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, May 21st. Finally, BTIG Research raised their price target on shares of Kirby from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $123.20.

Check Out Our Latest Research Report on KEX

Kirby Price Performance

Shares of NYSE:KEX traded down $0.60 during midday trading on Friday, hitting $117.82. The company's stock had a trading volume of 1,085,721 shares, compared to its average volume of 441,984. The business's 50 day simple moving average is $114.05 and its 200 day simple moving average is $94.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.81. The company has a market cap of $6.89 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. Kirby Co. has a 12-month low of $72.11 and a 12-month high of $124.92.

Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The shipping company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.22. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The firm had revenue of $808.00 million for the quarter, compared to the consensus estimate of $784.49 million. During the same period last year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts forecast that Kirby Co. will post 5.3 EPS for the current year.

Kirby Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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