Kirby Co. (NYSE:KEX) Position Increased by Strs Ohio

Strs Ohio raised its holdings in shares of Kirby Co. (NYSE:KEX) by 29.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,373 shares of the shipping company’s stock after buying an additional 7,395 shares during the period. Strs Ohio’s holdings in Kirby were worth $2,540,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd purchased a new stake in shares of Kirby in the 1st quarter valued at approximately $47,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Kirby in the 4th quarter valued at approximately $53,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Kirby in the 4th quarter valued at approximately $45,000. NBC Securities Inc. purchased a new stake in shares of Kirby in the 3rd quarter valued at approximately $59,000. Finally, State of Wyoming lifted its position in shares of Kirby by 327.3% in the 4th quarter. State of Wyoming now owns 1,722 shares of the shipping company’s stock valued at $111,000 after acquiring an additional 1,319 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on KEX. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday. BTIG Research upped their price target on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Stifel Nicolaus upped their price target on shares of Kirby from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Friday. Finally, Stephens restated an “overweight” rating and issued a $105.00 price target on shares of Kirby in a research report on Monday, February 5th.

Kirby Stock Up 0.9 %

KEX stock opened at $95.83 on Friday. Kirby Co. has a 12-month low of $66.42 and a 12-month high of $101.17. 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 company has a market cap of $5.61 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 1.60 and a beta of 1.21. The company has a 50 day moving average of $91.01 and a two-hundred day moving average of $82.85.

Kirby (NYSE:KEX) last released its earnings results on Thursday, February 1st. The shipping company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Kirby had a net margin of 7.21% and a return on equity of 7.12%. The company had revenue of $799.18 million during the quarter, compared to the consensus estimate of $778.70 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Kirby Co. will post 4.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Scott P. Miller sold 487 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $99.78, for a total transaction of $48,592.86. Following the transaction, the vice president now owns 1,000 shares in the company, valued at approximately $99,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dorman Lynn Strahan sold 3,423 shares of the firm’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $95.11, for a total transaction of $325,561.53. Following the transaction, the insider now owns 21,054 shares in the company, valued at approximately $2,002,445.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott P. Miller sold 487 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $99.78, for a total transaction of $48,592.86. Following the transaction, the vice president now owns 1,000 shares in the company, valued at approximately $99,780. The disclosure for this sale can be found here. Insiders sold a total of 56,418 shares of company stock worth $4,932,521 in the last quarter. 1.50% of the stock is currently owned by corporate 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.