Janus Henderson Group PLC Purchases 90,586 Shares of Kirby Co. (NYSE:KEX)

Janus Henderson Group PLC boosted its holdings in shares of Kirby Co. (NYSE:KEX) by 10.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 955,587 shares of the shipping company’s stock after acquiring an additional 90,586 shares during the quarter. Janus Henderson Group PLC’s holdings in Kirby were worth $91,086,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KEX. Park West Asset Management LLC acquired a new position in Kirby during the 4th quarter worth about $61,824,000. Norges Bank acquired a new stake in Kirby during the 4th quarter valued at approximately $51,781,000. Lord Abbett & CO. LLC bought a new position in Kirby during the 1st quarter worth approximately $22,877,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Kirby by 21.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 896,257 shares of the shipping company’s stock worth $85,432,000 after purchasing an additional 157,880 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Kirby by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,097,723 shares of the shipping company’s stock valued at $478,549,000 after purchasing an additional 81,808 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on KEX. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. BTIG Research raised their target price on Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Bank of America lifted their price objective on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus raised their price target on shares of Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, Wolfe Research began coverage on Kirby in a research note on Monday, April 22nd. They issued an “outperform” rating and a $126.00 target price for the company. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $123.80.

Kirby Stock Up 1.0 %

KEX traded up $1.23 during trading on Wednesday, hitting $121.78. 123,626 shares of the company’s stock were exchanged, compared to its average volume of 449,406. The stock has a market cap of $7.13 billion, a P/E ratio of 28.48, a PEG ratio of 0.74 and a beta of 1.18. The business’s 50 day moving average is $120.71 and its two-hundred day moving average is $103.27. Kirby Co. has a fifty-two week low of $72.11 and a fifty-two week high of $130.90. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling

In other Kirby news, CEO David W. Grzebinski sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $120.31, for a total transaction of $360,930.00. Following the completion of the sale, the chief executive officer now directly owns 63,399 shares of the company’s stock, valued at approximately $7,627,533.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director William M. Waterman sold 10,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $114.51, for a total value of $1,145,100.00. Following the completion of the sale, the director now owns 77,316 shares in the company, valued at $8,853,455.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David W. Grzebinski sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $120.31, for a total transaction of $360,930.00. Following the transaction, the chief executive officer now owns 63,399 shares in the company, valued at $7,627,533.69. The disclosure for this sale can be found here. Insiders have sold 28,893 shares of company stock worth $3,412,856 in the last quarter. Insiders own 1.50% of the company’s stock.

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.