Mutual of America Capital Management LLC Cuts Position in Kirby Co. (NYSE:KEX)

Mutual of America Capital Management LLC lessened its position in shares of Kirby Co. (NYSE:KEX) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 36,539 shares of the shipping company’s stock after selling 2,155 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kirby were worth $2,868,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Kirby by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,015,915 shares of the shipping company’s stock valued at $498,118,000 after purchasing an additional 64,420 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Kirby by 3.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 738,377 shares of the shipping company’s stock valued at $57,947,000 after purchasing an additional 24,040 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of Kirby by 168.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 10,891 shares of the shipping company’s stock valued at $902,000 after purchasing an additional 6,828 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Kirby in the 4th quarter valued at approximately $53,000. Finally, Scout Investments Inc. bought a new stake in shares of Kirby in the 3rd quarter valued at approximately $6,191,000. 96.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Kirby

In other Kirby news, VP Scott P. Miller sold 1,828 shares of Kirby stock in a transaction on Monday, January 29th. The stock was sold at an average price of $79.60, for a total transaction of $145,508.80. Following the completion of the sale, the vice president now directly owns 1,000 shares of the company’s stock, valued at approximately $79,600. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Ronald A. Dragg sold 1,413 shares of Kirby stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $84.68, for a total value of $119,652.84. Following the transaction, the vice president now directly owns 10,651 shares in the company, valued at approximately $901,926.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott P. Miller sold 1,828 shares of Kirby stock in a transaction on Monday, January 29th. The shares were sold at an average price of $79.60, for a total value of $145,508.80. Following the completion of the transaction, the vice president now owns 1,000 shares in the company, valued at $79,600. The disclosure for this sale can be found here. Insiders sold a total of 56,418 shares of company stock valued at $4,932,521 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on KEX shares. StockNews.com raised Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday. Stephens reissued an “overweight” rating and set a $105.00 price target on shares of Kirby in a research note on Monday, February 5th. Finally, BTIG Research raised their price target on Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd.

Kirby Trading Down 0.2 %

Shares of NYSE KEX opened at $94.93 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $90.80 and a two-hundred day simple moving average of $82.76. The firm has a market cap of $5.56 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.21. Kirby Co. has a twelve month low of $66.42 and a twelve month high of $101.17.

Kirby (NYSE:KEX) last issued its earnings results on Thursday, February 1st. The shipping company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $799.18 million during the quarter, compared to analyst estimates of $778.70 million. Kirby had a return on equity of 7.12% and a net margin of 7.21%. Kirby’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Analysts expect that Kirby Co. will post 4.94 earnings per share for the current fiscal year.

About Kirby

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.