1 week Ago By Defense World Staff
Wells Fargo & Company MN lowered its stake in Kirby Co. ( NYSE:KEX – Free Report ) by 48.9% during the fourth quarter, according to the company in its most recent filing with the SEC.
The fund owned 18,922 shares of the shipping company’s stock after selling 18,084 shares during the period. Wells Fargo & Company MN’s holdings in Kirby were worth $2,002,000 as of its most recent filing with the SEC. Several other large investors have also recently bought and sold shares of the stock.
Wellington Management Group LLP grew its position in shares of Kirby by 1.6% in the fourth quarter. Wellington Management Group LLP now owns 1,762,651 shares of the shipping company’s stock valued at $186,488,000 after purchasing an additional 28,259 shares during the last quarter.
Norges Bank acquired a new position in Kirby in the 4th quarter valued at $74,293,000. Victory Capital Management Inc. increased its position in Kirby by 10.
2% during the 4th quarter. Victory Capital Management Inc. now owns 525,708 shares of the shipping company’s stock worth $55,620,000 after buying an additional 48,475 shares during the period.
Bank of New York Mellon Corp lifted its holdings in shares of Kirby by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company’s stock worth $43,911,000 after buying an additional 10,486 shares in the last quarter.
Finally, Franklin Resources Inc. lifted its holdings in shares of Kirby by 848.5% during the fourth quarter.
Franklin Resources Inc. now owns 393,647 shares of the shipping company’s stock worth $41,648,000 after buying an additional 352,144 shares in the last quarter. 96.
15% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades A number of analysts have issued reports on KEX shares. StockNews.
com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Bank of America dropped their price target on Kirby from $133.00 to $123.
00 and set a “buy” rating for the company in a research note on Friday, March 28th. Finally, Stifel Nicolaus reduced their price objective on shares of Kirby from $136.00 to $135.
00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Insider Transactions at Kirby In related news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction that occurred on Wednesday, February 5th.
The shares were sold at an average price of $107.61, for a total transaction of $133,866.84.
Following the sale, the vice president now directly owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. The trade was a 18.
32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . Company insiders own 0.
90% of the company’s stock. Kirby Stock Down 1.6 % NYSE KEX opened at $96.
67 on Friday. The business has a fifty day moving average price of $98.20 and a two-hundred day moving average price of $109.
61. The stock has a market capitalization of $5.50 billion, a PE ratio of 19.
69, a PEG ratio of 0.88 and a beta of 0.99.
Kirby Co. has a fifty-two week low of $83.94 and a fifty-two week high of $132.
21. 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 ( NYSE:KEX – Get Free Report ) last announced its quarterly earnings data on Thursday, January 30th.
The shipping company reported $1.29 earnings per share 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%. Equities analysts expect that Kirby Co. will post 6.
57 earnings per share for the current fiscal year. About Kirby ( 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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