American Assets Capital Advisers LLC Has $6.33 Million Position in Kirby Co. (NYSE:KEX)

American Assets Capital Advisers LLC raised its holdings in shares of Kirby Co. (NYSE:KEX) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,792 shares of the shipping company’s stock after purchasing an additional 2,175 shares during the quarter. Kirby makes up 2.1% of American Assets Capital Advisers LLC’s holdings, making the stock its 16th biggest position. American Assets Capital Advisers LLC owned about 0.10% of Kirby worth $6,326,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEX. Farther Finance Advisors LLC boosted its holdings in shares of Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock worth $25,000 after acquiring an additional 168 shares during the period. Empowered Funds LLC acquired a new stake in Kirby during the 4th quarter worth approximately $25,000. Brooklyn Investment Group bought a new stake in Kirby in the 3rd quarter valued at $42,000. R Squared Ltd acquired a new position in Kirby in the 4th quarter valued at $76,000. Finally, Virtus Fund Advisers LLC increased its position in Kirby by 38.8% during the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company’s stock worth $102,000 after buying an additional 233 shares during the period. 96.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price 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. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Kirby presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Kirby Stock Up 3.0 %

Shares of NYSE KEX opened at $99.05 on Friday. The stock has a market capitalization of $5.66 billion, a P/E ratio of 20.17, a PEG ratio of 0.88 and a beta of 1.18. The stock’s fifty day moving average is $105.15 and its 200 day moving average is $114.68. Kirby Co. has a 52 week low of $88.34 and a 52 week high of $132.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45.

Kirby (NYSE:KEX) last released 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 net margin of 8.78% and a return on equity of 9.71%. Sell-side analysts forecast that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

Insider Activity at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the firm’s 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 sale, the vice president now owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. This trade represents a 18.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

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.