Kirby Co. (NYSE:KEX) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC raised its position in Kirby Co. (NYSE:KEX) by 193.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,866 shares of the shipping company’s stock after acquiring an additional 17,052 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Kirby were worth $2,030,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Kirby in the fourth quarter valued at about $53,000. NBC Securities Inc. purchased a new stake in shares of Kirby in the third quarter valued at about $59,000. AXQ Capital LP purchased a new stake in shares of Kirby in the third quarter valued at about $224,000. Panagora Asset Management Inc. purchased a new stake in shares of Kirby in the third quarter valued at about $226,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Kirby in the third quarter valued at about $239,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Insider Transactions at Kirby

In other news, CEO David W. Grzebinski sold 18,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $85.44, for a total value of $1,537,920.00. Following the completion of the transaction, the chief executive officer now directly owns 66,399 shares in the company, valued at $5,673,130.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David W. Grzebinski sold 18,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $85.44, for a total value of $1,537,920.00. Following the completion of the transaction, the chief executive officer now directly owns 66,399 shares in the company, valued at $5,673,130.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christian G. O’neil sold 8,994 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $85.15, for a total transaction of $765,839.10. Following the completion of the transaction, the insider now owns 16,079 shares of the company’s stock, valued at $1,369,126.85. The disclosure for this sale can be found here. Insiders sold 56,418 shares of company stock valued at $4,932,521 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Kirby Trading Down 0.1 %

Shares of Kirby stock traded down $0.10 during trading hours on Friday, hitting $112.06. The company’s stock had a trading volume of 783,584 shares, compared to its average volume of 417,887. Kirby Co. has a 1-year low of $67.07 and a 1-year high of $114.35. The business has a fifty day moving average of $92.72 and a 200 day moving average of $83.56. The company has a market capitalization of $6.56 billion, a PE ratio of 29.95, a P/E/G ratio of 1.70 and a beta of 1.21. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.32.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, April 25th. The shipping company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.22. Kirby had a net margin of 7.21% and a return on equity of 7.12%. The company had revenue of $808.00 million during the quarter, compared to analyst estimates of $784.49 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Kirby Co. will post 4.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on KEX shares. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus boosted their price objective on shares of Kirby from $100.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, April 19th. BTIG Research boosted their price objective on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Stephens reissued an “overweight” rating and issued a $105.00 price objective on shares of Kirby in a research report on Monday, February 5th. Finally, Wolfe Research began coverage on shares of Kirby in a research report on Monday. They set an “outperform” rating and a $126.00 price target for the company. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $116.00.

About Kirby

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.