Swiss National Bank Buys 600 Shares of Kirby Co. (NYSE:KEX)

Swiss National Bank grew its position in Kirby Co. (NYSE:KEX – Get Rating) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,157 shares of the shipping company’s stock after purchasing an additional 600 shares during the quarter. Swiss National Bank owned approximately 0.06% of Kirby worth $2,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Kirby in the 1st quarter worth $47,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Kirby by 28.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,255 shares of the shipping company’s stock valued at $145,000 after purchasing an additional 506 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Kirby in the fourth quarter worth about $201,000. American Century Companies Inc. acquired a new position in shares of Kirby during the 1st quarter worth about $201,000. Finally, Cadent Capital Advisors LLC bought a new stake in Kirby during the 4th quarter valued at approximately $202,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KEX has been the topic of several recent analyst reports. Stephens lifted their price target on Kirby from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. TheStreet raised shares of Kirby from a “c+” rating to a “b-” rating in a report on Monday, March 13th. BTIG Research raised their price target on shares of Kirby from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Stifel Nicolaus upped their price objective on shares of Kirby from $83.00 to $85.00 in a research report on Friday, April 28th. Finally, StockNews.com initiated coverage on Kirby in a research report on Thursday, May 18th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.75.

Kirby Trading Down 1.3 %

Shares of KEX stock opened at $72.42 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 1.95. The firm has a fifty day moving average of $69.62 and a 200-day moving average of $68.55. Kirby Co. has a 52-week low of $55.03 and a 52-week high of $76.34. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 1.73 and a beta of 1.27.

Kirby (NYSE:KEX – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.03. The firm had revenue of $750.44 million during the quarter, compared to analyst estimates of $723.67 million. Kirby had a net margin of 4.98% and a return on equity of 4.99%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. On average, equities research analysts forecast that Kirby Co. will post 3.55 earnings per share for the current fiscal year.

Insider Activity at Kirby

In other Kirby news, CEO David W. Grzebinski sold 3,000 shares of Kirby stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $72.47, for a total transaction of $217,410.00. Following the completion of the transaction, the chief executive officer now directly owns 84,006 shares of the company’s stock, valued at $6,087,914.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Kirby news, CEO David W. Grzebinski sold 2,000 shares of Kirby stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $69.65, for a total value of $139,300.00. Following the completion of the transaction, the chief executive officer now owns 82,006 shares in the company, valued at approximately $5,711,717.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David W. Grzebinski sold 3,000 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $72.47, for a total value of $217,410.00. Following the sale, the chief executive officer now owns 84,006 shares in the company, valued at approximately $6,087,914.82. The disclosure for this sale can be found here. Insiders have sold a total of 5,750 shares of company stock valued at $412,383 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Kirby Company Profile

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Kirby Corp. is a tank barge operator, which engages in transporting bulk liquid products. It transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals. It operates through Marine Transportation and Distribution and Services segments. The Marine Transportation segment provides marine transportation by United States flagged vessels principally of liquid cargoes throughout the United States inland waterway system.