Kirby Co. (NYSE:KEX) Shares Sold by Fmr LLC

Fmr LLC trimmed its holdings in shares of Kirby Co. (NYSE:KEX) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,050,835 shares of the shipping company’s stock after selling 83,522 shares during the quarter. Fmr LLC’s holdings in Kirby were worth $111,178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KEX. Federated Hermes Inc. raised its stake in shares of Kirby by 10.2% in the 4th quarter. Federated Hermes Inc. now owns 69,118 shares of the shipping company’s stock valued at $7,313,000 after acquiring an additional 6,404 shares during the period. Russell Investments Group Ltd. raised its position in Kirby by 34.9% in the fourth quarter. Russell Investments Group Ltd. now owns 57,350 shares of the shipping company’s stock valued at $6,068,000 after purchasing an additional 14,827 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in Kirby by 65.6% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 14,600 shares of the shipping company’s stock worth $1,545,000 after purchasing an additional 5,784 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Kirby during the fourth quarter worth $310,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Kirby in the fourth quarter valued at $1,257,000. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction of $133,866.84. Following the sale, the vice president now owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. This trade represents a 18.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Kirby Price Performance

KEX stock opened at $96.05 on Tuesday. Kirby Co. has a 1 year low of $83.94 and a 1 year high of $132.21. The firm has a market capitalization of $5.46 billion, a P/E ratio of 19.56, a P/E/G ratio of 0.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. The business’s 50-day moving average is $100.41 and its two-hundred day moving average is $111.11.

Kirby (NYSE:KEX) last issued its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.71%. Analysts anticipate that Kirby Co. will post 6.57 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.