Dynamic Technology Lab Private Ltd Buys 5,784 Shares of Kirby Co. (NYSE:KEX)

Dynamic Technology Lab Private Ltd grew its position in Kirby Co. (NYSE:KEX) by 65.6% during the 4th quarter, Holdings Channel reports. The firm owned 14,600 shares of the shipping company’s stock after purchasing an additional 5,784 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Kirby were worth $1,545,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KEX. Empowered Funds LLC acquired a new position in Kirby in the fourth quarter valued at about $25,000. R Squared Ltd acquired a new position in shares of Kirby in the 4th quarter worth approximately $76,000. Virtus Fund Advisers LLC grew its position in Kirby by 38.8% during the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company’s stock worth $102,000 after acquiring an additional 233 shares during the last quarter. Signaturefd LLC increased its holdings in Kirby by 13.1% during the 4th quarter. Signaturefd LLC now owns 1,746 shares of the shipping company’s stock valued at $185,000 after purchasing an additional 202 shares in the last quarter. Finally, Huntington National Bank raised its position in Kirby by 6.8% in the 4th quarter. Huntington National Bank now owns 1,781 shares of the shipping company’s stock valued at $188,000 after purchasing an additional 113 shares during the last quarter. Institutional investors own 96.15% of the company’s stock.

Kirby Trading Down 4.0 %

Shares of KEX opened at $89.20 on Friday. The stock’s fifty day simple moving average is $102.83 and its 200-day simple moving average is $112.96. The firm has a market capitalization of $5.08 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. Kirby Co. has a 12-month low of $85.33 and a 12-month high of $132.21. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

Kirby (NYSE:KEX) last released its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share (EPS) 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 9.71%. As a group, research analysts predict that Kirby Co. will post 6.57 earnings per share for the current year.

Insider Buying and Selling at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total value of $133,866.84. Following the transaction, the vice president now directly owns 5,545 shares in the company, valued at $596,697.45. This trade represents a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KEX shares. StockNews.com cut Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Bank of America decreased their price objective on shares of Kirby from $133.00 to $123.00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, Stifel Nicolaus dropped their target price on shares of Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, January 31st.

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.