American Assets Capital Advisers LLC Purchases 2,175 Shares of Kirby Co. (NYSE:KEX)

American Assets Capital Advisers LLC lifted its position in shares of Kirby Co. (NYSE:KEX) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,792 shares of the shipping company’s stock after purchasing an additional 2,175 shares during the period. Kirby comprises 2.1% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 16th largest holding. American Assets Capital Advisers LLC’s holdings in Kirby were worth $6,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in Kirby by 0.7% during the 3rd quarter. State Street Corp now owns 1,667,520 shares of the shipping company’s stock worth $204,154,000 after buying an additional 12,337 shares during the period. Geode Capital Management LLC raised its stake in shares of Kirby by 0.3% during the third quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company’s stock valued at $117,724,000 after acquiring an additional 2,784 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kirby by 27.8% during the third 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 during the period. Victory Capital Management Inc. grew its stake in shares of Kirby by 10.2% in the fourth quarter. Victory Capital Management Inc. now owns 525,708 shares of the shipping company’s stock worth $55,620,000 after purchasing an additional 48,475 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Kirby by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company’s stock valued at $43,911,000 after purchasing an additional 10,486 shares during the period. Institutional investors and hedge funds own 96.15% of the company’s stock.

Kirby Stock Performance

Shares of Kirby stock opened at $99.05 on Friday. The business has a 50-day moving average price of $105.15 and a two-hundred day moving average price of $114.68. Kirby Co. has a 1-year low of $88.34 and a 1-year high of $132.21. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. The company has a market cap of $5.66 billion, a P/E ratio of 20.17, a PEG ratio of 0.88 and a beta of 1.18.

Kirby (NYSE:KEX) last released its 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 return on equity of 9.71% and a net margin of 8.78%. As a group, analysts anticipate that Kirby Co. will post 6.57 EPS for the current year.

Insider Activity

In other news, VP Scott P. Miller sold 1,244 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the transaction, the vice president now owns 5,545 shares of the company’s stock, valued at $596,697.45. This represents a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KEX has been the topic of several recent research reports. Stifel Nicolaus cut their target price on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com cut 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, Kirby presently has a consensus rating of “Moderate Buy” and a consensus target price 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.