1 week Ago By ABMN Staff
Wells Fargo & Company MN lowered its position in Kirby Co. ( NYSE:KEX – Free Report ) by 48.9% in the 4th quarter, HoldingsChannel.
com reports. The institutional investor owned 18,922 shares of the shipping company’s stock after selling 18,084 shares during the quarter. Wells Fargo & Company MN’s holdings in Kirby were worth $2,002,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in Kirby during the 4th quarter worth approximately $25,000. R Squared Ltd acquired a new stake in Kirby in the fourth quarter valued at $76,000.
Signaturefd LLC raised its position in Kirby by 13.1% during the 4th quarter. Signaturefd LLC now owns 1,746 shares of the shipping company’s stock worth $185,000 after purchasing an additional 202 shares during the last quarter.
Huntington National Bank lifted its holdings in Kirby by 6.8% during the 4th quarter. Huntington National Bank now owns 1,781 shares of the shipping company’s stock worth $188,000 after buying an additional 113 shares during the period.
Finally, Ieq Capital LLC acquired a new position in Kirby during the 4th quarter worth about $257,000. Institutional investors own 96.15% of the company’s stock.
Insiders Place Their Bets In other news, VP Scott P. Miller sold 1,244 shares of the company’s 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 in the company, valued at approximately $596,697.
45. This represents a 18.32 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Company insiders own 0.90% of the company’s stock.
Analysts Set New Price Targets Read Our Latest Stock Report on Kirby Kirby Stock Performance Shares of KEX opened at $96.67 on Friday. 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 firm’s fifty day simple moving average is $98.20 and its two-hundred day simple moving average is $109.61.
Kirby Co. has a 12 month low of $83.94 and a 12 month high of $132.
21. The stock has a market capitalization of $5.50 billion, a P/E ratio of 19.
69, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99.
Kirby ( NYSE:KEX – Get Free Report ) last announced 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 net margin of 8.
78% and a return on equity of 9.71%. As a group, analysts predict that Kirby Co.
will post 6.57 EPS for the current year. Kirby 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. Featured Articles Want to see what other hedge funds are holding KEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirby Co.
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