Kirby Co. (NYSE:KEX) Shares Sold by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC reduced its position in shares of Kirby Co. (NYSE:KEX) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 318,503 shares of the shipping company’s stock after selling 827 shares during the quarter. Kirby makes up 5.6% of 12th Street Asset Management Company LLC’s portfolio, making the stock its 4th biggest holding. 12th Street Asset Management Company LLC’s holdings in Kirby were worth $33,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 168 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Kirby by 19.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the shipping company’s stock valued at $556,000 after acquiring an additional 729 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Kirby by 68.7% during the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock valued at $58,428,000 after acquiring an additional 194,410 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Kirby by 15.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 79,141 shares of the shipping company’s stock valued at $9,689,000 after acquiring an additional 10,639 shares during the last quarter. Finally, Huntington National Bank increased its position in shares of Kirby by 8.5% during the third quarter. Huntington National Bank now owns 1,668 shares of the shipping company’s stock valued at $204,000 after acquiring an additional 130 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value of $133,866.84. Following the completion of the transaction, the vice president now owns 5,545 shares in the company, valued at $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Kirby Trading Down 0.4 %

NYSE KEX opened at $96.24 on Friday. The firm has a 50 day simple moving average of $105.30 and a 200-day simple moving average of $114.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. Kirby Co. has a one year low of $87.57 and a one year high of $132.21. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 0.88 and a beta of 1.18.

Kirby (NYSE:KEX) last issued its quarterly 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 return on equity of 9.71% and a net margin of 8.78%. Equities research analysts anticipate that Kirby Co. will post 6.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus lowered their price objective 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Kirby 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.