Keybank National Association OH Sells 188 Shares of Kirby Co. (NYSE:KEX)

Keybank National Association OH trimmed its position in Kirby Co. (NYSE:KEX) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,047 shares of the shipping company’s stock after selling 188 shares during the quarter. Keybank National Association OH’s holdings in Kirby were worth $851,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Artemis Investment Management LLP raised its position in shares of Kirby by 112.0% in the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company’s stock valued at $40,504,000 after buying an additional 202,272 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Kirby by 68.7% in the 3rd quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock valued at $58,428,000 after acquiring an additional 194,410 shares in the last quarter. DAVENPORT & Co LLC bought a new stake in shares of Kirby during the 4th quarter valued at $16,390,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Kirby by 27.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company’s stock worth $85,585,000 after purchasing an additional 152,146 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Kirby by 92.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 221,460 shares of the shipping company’s stock worth $23,247,000 after purchasing an additional 106,411 shares in the last quarter. Institutional investors own 96.15% of the company’s stock.

Kirby Price Performance

Shares of KEX stock opened at $97.03 on Friday. The business has a fifty day simple moving average of $106.05 and a 200 day simple moving average of $115.40. The company has a market cap of $5.54 billion, a P/E ratio of 19.76, a P/E/G ratio of 0.88 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Kirby Co. has a twelve month low of $86.02 and a twelve month high of $132.21.

Kirby (NYSE:KEX) last posted its earnings results on Thursday, January 30th. The shipping company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates 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 forecast that Kirby Co. will post 6.57 EPS for the current fiscal year.

Insider Activity at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the sale, the vice president now owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.