LGT Financial Advisors LLC Invests $63,000 in Kirby Co. (NYSE:KEX)

LGT Financial Advisors LLC acquired a new stake in shares of Kirby Co. (NYSE:KEX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 600 shares of the shipping company’s stock, valued at approximately $63,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KEX. Empowered Funds LLC bought a new position in Kirby during the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in shares of Kirby during the 4th quarter worth approximately $76,000. Quarry LP acquired a new position in Kirby in the 4th quarter valued at $133,000. Canada Pension Plan Investment Board increased its stake in shares of Kirby by 433.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the shipping company’s stock worth $169,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Signaturefd LLC increased its stake 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 buying an additional 202 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Scott P. Miller sold 1,244 shares of the company’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction of $133,866.84. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on KEX shares. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Bank of America lowered their price target on Kirby from $133.00 to $123.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, Stifel Nicolaus dropped their price target on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, January 31st.

Kirby Price Performance

NYSE:KEX opened at $96.22 on Thursday. Kirby Co. has a one year low of $83.94 and a one year high of $132.21. The stock has a market cap of $5.47 billion, a P/E ratio of 19.60, a PEG ratio of 0.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. The company has a fifty day moving average price of $97.62 and a 200 day moving average price of $109.05.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.71%. Analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current year.

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.