Hsbc Holdings PLC Has $3.43 Million Stock Holdings in Kirby Co. (NYSE:KEX)

Hsbc Holdings PLC lifted its holdings in shares of Kirby Co. (NYSE:KEXFree Report) by 291.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,868 shares of the shipping company’s stock after purchasing an additional 32,664 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Kirby worth $3,426,000 as of its most recent SEC filing.

Other hedge funds and 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 third quarter. Vanguard Group Inc. now owns 6,015,915 shares of the shipping company’s stock worth $498,118,000 after buying an additional 64,420 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Kirby during the fourth quarter valued at about $1,337,000. VELA Investment Management LLC grew its position in shares of Kirby by 11.3% in the fourth quarter. VELA Investment Management LLC now owns 139,848 shares of the shipping company’s stock valued at $10,975,000 after purchasing an additional 14,201 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Kirby by 3.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 738,377 shares of the shipping company’s stock worth $57,947,000 after purchasing an additional 24,040 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Kirby by 168.1% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 10,891 shares of the shipping company’s stock worth $902,000 after purchasing an additional 6,828 shares during the last quarter. Institutional investors own 96.15% of the company’s stock.

Kirby Trading Up 1.6 %

Shares of Kirby stock opened at $120.43 on Thursday. Kirby Co. has a 52-week low of $72.11 and a 52-week high of $124.92. The firm has a market capitalization of $7.05 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 0.80 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.81 and a quick ratio of 1.12. The company’s fifty day moving average price is $108.97 and its two-hundred day moving average price is $91.33.

Kirby (NYSE:KEXGet Free Report) last posted its earnings results on Friday, April 26th. The shipping company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.22. The business had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $784.49 million. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, analysts expect that Kirby Co. will post 5.29 EPS for the current year.

Insider Transactions at Kirby

In other Kirby news, CFO Raj Kumar sold 2,228 shares of Kirby stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $92.00, for a total transaction of $204,976.00. Following the completion of the transaction, the chief financial officer now directly owns 1,719 shares of the company’s stock, valued at $158,148. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Raj Kumar sold 2,228 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $92.00, for a total transaction of $204,976.00. Following the completion of the sale, the chief financial officer now owns 1,719 shares of the company’s stock, valued at $158,148. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP William Matthew Woodruff sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $109.25, for a total value of $409,687.50. Following the completion of the transaction, the vice president now directly owns 941 shares in the company, valued at $102,804.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,662 shares of company stock valued at $4,572,893. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

KEX has been the topic of a number of research analyst reports. Stifel Nicolaus raised their target price on Kirby from $131.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. BTIG Research boosted their target price on shares of Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Wolfe Research assumed coverage on shares of Kirby in a report on Monday, April 22nd. They issued an “outperform” rating and a $126.00 price target for the company. Finally, StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $119.50.

View Our Latest Report on Kirby

Kirby Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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