Corient Private Wealth LLC Raises Position in Kirby Co. (NYSE:KEX)

Corient Private Wealth LLC boosted its stake in Kirby Co. (NYSE:KEX) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,914 shares of the shipping company’s stock after buying an additional 140 shares during the quarter. Corient Private Wealth LLC owned approximately 0.05% of Kirby worth $3,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathstone Holdings LLC lifted its stake in Kirby by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 12,554 shares of the shipping company’s stock worth $1,537,000 after purchasing an additional 432 shares in the last quarter. Caprock Group LLC purchased a new position in Kirby in the 3rd quarter worth approximately $214,000. Charles Schwab Investment Management Inc. lifted its stake in Kirby by 27.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company’s stock worth $85,585,000 after purchasing an additional 152,146 shares in the last quarter. Cerity Partners LLC lifted its stake in Kirby by 68.6% in the 3rd quarter. Cerity Partners LLC now owns 8,152 shares of the shipping company’s stock worth $998,000 after purchasing an additional 3,317 shares in the last quarter. Finally, Algert Global LLC lifted its stake in Kirby by 32.7% in the 3rd quarter. Algert Global LLC now owns 92,527 shares of the shipping company’s stock worth $11,328,000 after purchasing an additional 22,778 shares in the last quarter. 96.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction on 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 sale, the vice president now directly owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

KEX has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a report on Friday, January 31st. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kirby presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Kirby Stock Performance

Shares of KEX stock opened at $101.31 on Friday. 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 Co. has a 52 week low of $92.13 and a 52 week high of $132.21. The stock has a market capitalization of $5.76 billion, a PE ratio of 20.63, a P/E/G ratio of 0.88 and a beta of 1.18. The firm has a 50 day moving average of $104.67 and a two-hundred day moving average of $114.05.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 EPS 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%. On average, research analysts predict that Kirby Co. will post 6.57 EPS for the current fiscal year.

Kirby Company Profile

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.