Stone Ridge Asset Management LLC bought a new position in shares of Kirby Co. (NYSE:KEX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,274 shares of the shipping company’s stock, valued at approximately $753,000.
Several other large investors have also bought and sold shares of the company. Guggenheim Capital LLC increased its position in shares of Kirby by 17.2% during the fourth quarter. Guggenheim Capital LLC now owns 141,462 shares of the shipping company’s stock worth $9,449,000 after acquiring an additional 20,750 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Kirby by 10.9% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,680,707 shares of the shipping company’s stock worth $179,071,000 after acquiring an additional 262,965 shares in the last quarter. Arosa Capital Management LP bought a new stake in shares of Kirby during the fourth quarter worth about $868,000. Thrivent Financial For Lutherans increased its position in shares of Kirby by 40.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 947,379 shares of the shipping company’s stock worth $63,285,000 after acquiring an additional 272,436 shares in the last quarter. Finally, Lodge Hill Capital LLC bought a new stake in shares of Kirby during the fourth quarter worth about $20,708,000. 93.93% of the stock is owned by institutional investors.
Kirby stock opened at $75.85 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.34. The firm has a market cap of $4,496.44, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.15 and a beta of 0.97. Kirby Co. has a 52 week low of $59.25 and a 52 week high of $80.90.
Kirby (NYSE:KEX) last released its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.03. The firm had revenue of $708.10 million for the quarter, compared to analysts’ expectations of $612.61 million. Kirby had a net margin of 14.14% and a return on equity of 4.17%. The company’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. equities research analysts anticipate that Kirby Co. will post 2.8 EPS for the current year.
KEX has been the subject of a number of recent analyst reports. Jefferies Group initiated coverage on shares of Kirby in a research report on Monday, December 18th. They issued a “buy” rating and a $85.00 price objective for the company. Zacks Investment Research raised shares of Kirby from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, February 6th. Gabelli initiated coverage on shares of Kirby in a research report on Tuesday, January 16th. They issued a “hold” rating and a $80.00 price objective for the company. Stephens reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Kirby in a research report on Wednesday, January 10th. Finally, Evercore ISI raised shares of Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $79.40.
In other Kirby news, VP David R. Mosley sold 5,694 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $73.37, for a total value of $417,768.78. Following the transaction, the vice president now directly owns 17,692 shares in the company, valued at $1,298,062.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Monte J. Miller sold 2,336 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $77.10, for a total transaction of $180,105.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,430 shares of company stock worth $854,762. Corporate insiders own 2.40% of the company’s stock.
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Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.
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