American International Group Inc. lifted its holdings in shares of Kirby Co. (NYSE:KEX) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,157 shares of the shipping company’s stock after buying an additional 1,200 shares during the quarter. American International Group Inc.’s holdings in Kirby were worth $7,425,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Chicago Equity Partners LLC acquired a new stake in shares of Kirby during the 3rd quarter worth approximately $293,000. Cornerstone Capital Management Holdings LLC. boosted its stake in Kirby by 276.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 13,216 shares of the shipping company’s stock worth $870,000 after acquiring an additional 9,707 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Kirby during the 3rd quarter worth approximately $432,000. Point72 Asset Management L.P. bought a new position in Kirby during the 3rd quarter worth approximately $574,000. Finally, First Trust Advisors LP boosted its stake in Kirby by 34.9% during the 3rd quarter. First Trust Advisors LP now owns 424,076 shares of the shipping company’s stock worth $27,968,000 after acquiring an additional 109,735 shares during the last quarter. Institutional investors own 95.50% of the company’s stock.
Kirby Co. (NYSE KEX) opened at $75.00 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. Kirby Co. has a one year low of $59.25 and a one year high of $80.90. The firm has a market cap of $4,480.00, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03.
In other news, insider Dorman Lynn Strahan sold 1,735 shares of Kirby stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $76.51, for a total value of $132,744.85. Following the sale, the insider now directly owns 28,484 shares in the company, valued at $2,179,310.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David R. Mosley sold 5,694 shares of Kirby stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $73.37, for a total transaction of $417,768.78. Following the completion of the sale, the vice president now owns 17,692 shares in the company, valued at $1,298,062.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,430 shares of company stock worth $854,762. Insiders own 2.70% of the company’s stock.
Several research analysts recently weighed in on KEX shares. Gabelli started coverage on shares of Kirby in a research note on Tuesday, January 16th. They set a “hold” rating and a $80.00 price objective on the stock. Zacks Investment Research lowered shares of Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Stifel Nicolaus reissued a “hold” rating and set a $67.00 price objective on shares of Kirby in a research note on Friday, November 3rd. Jefferies Group started coverage on shares of Kirby in a research note on Monday, December 18th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Stephens set a $89.00 price objective on shares of Kirby and gave the stock a “hold” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $79.40.
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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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