Americana Partners LLC Sells 100 Shares of Kirby Co. (NYSE:KEX)

Americana Partners LLC trimmed its position in shares of Kirby Co. (NYSE:KEX) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,800 shares of the shipping company’s stock after selling 100 shares during the period. Americana Partners LLC’s holdings in Kirby were worth $508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in shares of Kirby by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Empowered Funds LLC bought a new stake in shares of Kirby in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in shares of Kirby in the 3rd quarter valued at approximately $42,000. Capital Performance Advisors LLP bought a new stake in shares of Kirby in the 3rd quarter valued at approximately $52,000. Finally, R Squared Ltd bought a new stake in shares of Kirby in the 4th quarter valued at approximately $76,000. 96.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on KEX. StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Stifel Nicolaus lowered their price objective on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Kirby Stock Up 1.4 %

Shares of KEX opened at $109.98 on Wednesday. The company has a market capitalization of $6.31 billion, a P/E ratio of 22.40, a PEG 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 one year low of $84.56 and a one year high of $132.21. The business’s 50 day simple moving average is $108.29 and its 200-day simple moving average is $116.66.

Kirby (NYSE:KEX) last announced its 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, sell-side analysts predict that Kirby Co. will post 6.54 EPS for the current fiscal year.

Insider Buying and Selling at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Kirby 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.