Kirby Co. (NYSE:KEX) Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH decreased its holdings in Kirby Co. (NYSE:KEX) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,663 shares of the shipping company’s stock after selling 1,269 shares during the quarter. Kirby makes up approximately 1.6% of Shaker Investments LLC OH’s holdings, making the stock its 19th largest holding. Shaker Investments LLC OH owned 0.06% of Kirby worth $3,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC increased its position in Kirby by 0.7% during the 3rd quarter. Quest Partners LLC now owns 12,462 shares of the shipping company’s stock worth $1,526,000 after purchasing an additional 89 shares in the last quarter. Americana Partners LLC increased its position in shares of Kirby by 2.1% in the third quarter. Americana Partners LLC now owns 4,900 shares of the shipping company’s stock worth $600,000 after acquiring an additional 100 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Kirby by 1.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company’s stock valued at $895,000 after acquiring an additional 108 shares during the period. Huntington National Bank boosted its position in Kirby by 8.5% during the 3rd quarter. Huntington National Bank now owns 1,668 shares of the shipping company’s stock worth $204,000 after purchasing an additional 130 shares during the period. Finally, Creative Planning increased its holdings in Kirby by 2.2% in the 3rd quarter. Creative Planning now owns 6,683 shares of the shipping company’s stock valued at $818,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KEX shares. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus decreased their price objective on shares of Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Kirby Trading Up 1.4 %

NYSE KEX opened at $107.81 on Tuesday. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 1.05. Kirby Co. has a 12 month low of $83.24 and a 12 month high of $132.21. The company’s fifty day moving average price is $109.89 and its two-hundred day moving average price is $117.14.

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

Insider Activity

In other news, VP Scott P. Miller sold 1,244 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the completion of the transaction, the vice president now owns 5,545 shares in the company, valued at approximately $596,697.45. This represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of Kirby stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the completion of the sale, the director now owns 15,488 shares in the company, valued at approximately $1,985,716.48. This represents a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.