WINTON GROUP Ltd lowered its holdings in Kirby Co. (NYSE:KEX) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,634 shares of the shipping company’s stock after selling 3,399 shares during the period. WINTON GROUP Ltd owned about 0.08% of Kirby worth $3,182,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Turtle Creek Asset Management Inc. grew its stake in shares of Kirby by 5.9% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 14,400 shares of the shipping company’s stock worth $950,000 after purchasing an additional 800 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Kirby by 79.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock worth $127,000 after purchasing an additional 857 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Kirby by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 341,089 shares of the shipping company’s stock worth $22,495,000 after purchasing an additional 1,154 shares during the last quarter. American International Group Inc. grew its stake in shares of Kirby by 1.1% in the 4th quarter. American International Group Inc. now owns 111,157 shares of the shipping company’s stock worth $7,425,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. grew its stake in shares of Kirby by 11.2% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 15,602 shares of the shipping company’s stock worth $1,042,000 after purchasing an additional 1,569 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.
Kirby Co. (NYSE KEX) traded up $1.00 during trading on Friday, hitting $76.50. 473,994 shares of the stock traded hands, compared to its average volume of 479,561. The stock has a market capitalization of $4,544.17, a P/E ratio of 14.22, a P/E/G ratio of 2.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.34 and a current ratio of 1.99. Kirby Co. has a 1-year low of $59.25 and a 1-year high of $80.90.
Kirby (NYSE:KEX) last released its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $708.10 million for the quarter, compared to the consensus estimate of $612.61 million. Kirby had a net margin of 14.14% and a return on equity of 4.17%. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. research analysts predict that Kirby Co. will post 2.8 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Kirby from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, February 6th. Stephens set a $89.00 price objective on shares of Kirby and gave the stock a “hold” rating in a research note on Monday, February 5th. Evercore ISI raised shares of Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Thursday, February 1st. Bank of America lifted their target price on shares of Kirby from $66.00 to $69.00 and gave the stock an “underperform” rating in a research report on Thursday, February 1st. Finally, Gabelli assumed coverage on shares of Kirby in a research report on Tuesday, January 16th. They issued a “hold” rating and a $80.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Kirby presently has an average rating of “Hold” and an average target price of $79.40.
In related news, insider Dorman Lynn Strahan sold 1,735 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $76.51, for a total transaction of $132,744.85. Following the completion of the sale, the insider now directly owns 28,484 shares in the company, valued at $2,179,310.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Monte J. Miller sold 2,336 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total transaction of $180,105.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,430 shares of company stock valued at $854,762. 2.40% of the stock is currently owned by corporate insiders.
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Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.
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