4 hours Ago By Defense World Staff
Renaissance Technologies LLC lowered its position in Kirby Co. ( NYSE:KEX – Free Report ) by 80.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
The institutional investor owned 9,100 shares of the shipping company’s stock after selling 37,800 shares during the period. Renaissance Technologies LLC’s holdings in Kirby were worth $963,000 as of its most recent SEC filing. Other hedge funds have also recently added to or reduced their stakes in the company.
Wilmington Savings Fund Society FSB increased its stake in Kirby by 112.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 5,208 shares of the shipping company’s stock valued at $638,000 after purchasing an additional 2,756 shares in the last quarter.
Franklin Resources Inc. bought a new stake in shares of Kirby during the third quarter worth about $5,136,000. JPMorgan Chase & Co.
increased its holdings in Kirby by 27.5% during the 3rd quarter. JPMorgan Chase & Co.
now owns 142,265 shares of the shipping company’s stock worth $17,418,000 after purchasing an additional 30,713 shares in the last quarter. First Hawaiian Bank grew its holdings in Kirby by 17.2% during the fourth quarter.
First Hawaiian Bank now owns 23,524 shares of the shipping company’s stock worth $2,489,000 after buying an additional 3,459 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of Kirby in the fourth quarter valued at about $614,000. Institutional investors and hedge funds own 96.
15% of the company’s stock. Analyst Ratings Changes KEX has been the subject of several research analyst reports. Stifel Nicolaus decreased their target price on Kirby from $136.
00 to $135.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.
com cut Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Bank of America cut their price target on shares of Kirby from $133.00 to $123.
00 and set a “buy” rating for the company in a report on Friday, March 28th. Insiders Place Their Bets In related news, VP Scott P. Miller sold 1,244 shares of the firm’s stock in a transaction dated Wednesday, February 5th.
The stock was sold at an average price of $107.61, for a total transaction of $133,866.84.
Following the transaction, the vice president now directly owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. This trade represents a 18.
32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link . Corporate insiders own 0.
90% of the company’s stock. Kirby Trading Up 0.3 % Shares of KEX opened at $96.
22 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.
45 and a quick ratio of 1.05. Kirby Co.
has a 1-year low of $83.94 and a 1-year high of $132.21.
The company has a market capitalization of $5.47 billion, a P/E ratio of 19.60, a P/E/G ratio of 0.
88 and a beta of 0.99. The firm’s 50 day simple moving average is $97.
62 and its 200 day simple moving average is $109.05. Kirby ( NYSE:KEX – Get Free Report ) last announced its earnings results on Thursday, January 30th.
The shipping company reported $1.29 earnings per share (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%. Sell-side analysts forecast that Kirby Co. will post 6.
57 earnings per share for the current fiscal year. Kirby Company Profile ( Free Report ) 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.
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