Bryn Mawr Capital Management LLC Has $2.36 Million Stock Position in Kirby Co. (NYSE:KEX)

Bryn Mawr Capital Management LLC raised its holdings in shares of Kirby Co. (NYSE:KEX) by 20.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,313 shares of the shipping company’s stock after buying an additional 3,823 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Kirby were worth $2,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Artemis Investment Management LLP raised its stake in Kirby by 112.0% during the 4th quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company’s stock valued at $40,504,000 after purchasing an additional 202,272 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kirby by 68.7% during the 3rd quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock worth $58,428,000 after purchasing an additional 194,410 shares during the period. DAVENPORT & Co LLC acquired a new position in shares of Kirby during the fourth quarter valued at about $16,390,000. Charles Schwab Investment Management Inc. raised its position in shares of Kirby by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company’s stock valued at $85,585,000 after buying an additional 152,146 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Kirby by 92.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 221,460 shares of the shipping company’s stock valued at $23,247,000 after buying an additional 106,411 shares during the period. 96.15% of the stock is owned by institutional investors.

Kirby Price Performance

Shares of Kirby stock opened at $106.18 on Friday. The firm has a market cap of $6.09 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19. The firm’s 50-day simple moving average is $107.70 and its 200-day simple moving average is $116.53. Kirby Co. has a twelve month low of $84.76 and a twelve month high of $132.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.78%. As a group, research analysts expect that Kirby Co. will post 6.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com cut Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Buying and Selling at Kirby

In related news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the completion of the transaction, the vice president now directly owns 5,545 shares of the company’s stock, valued at $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 is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

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.