Captrust Financial Advisors Sells 442 Shares of Kirby Co. (NYSE:KEX)

Captrust Financial Advisors trimmed its position in shares of Kirby Co. (NYSE:KEX) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,202 shares of the shipping company’s stock after selling 442 shares during the period. Captrust Financial Advisors’ holdings in Kirby were worth $1,397,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in Kirby by 1.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company’s stock valued at $895,000 after acquiring an additional 108 shares during the period. Huntington National Bank boosted its holdings in Kirby by 6.8% during the fourth quarter. Huntington National Bank now owns 1,781 shares of the shipping company’s stock valued at $188,000 after acquiring an additional 113 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Kirby by 1.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,035 shares of the shipping company’s stock valued at $1,379,000 after acquiring an additional 124 shares during the period. Stifel Financial Corp boosted its holdings in Kirby by 0.5% during the fourth quarter. Stifel Financial Corp now owns 29,047 shares of the shipping company’s stock valued at $3,073,000 after acquiring an additional 138 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in Kirby by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 30,914 shares of the shipping company’s stock valued at $3,271,000 after acquiring an additional 140 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Kirby Stock Down 0.2%

NYSE KEX opened at $108.57 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. The firm has a 50-day simple moving average of $98.03 and a 200 day simple moving average of $107.78. Kirby Co. has a twelve month low of $83.94 and a twelve month high of $132.21. The stock has a market cap of $6.18 billion, a PE ratio of 22.11, a PEG ratio of 0.88 and a beta of 0.91.

Kirby (NYSE:KEX) last released its earnings results on Thursday, May 1st. The shipping company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.06. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The business had revenue of $785.66 million during the quarter, compared to analysts’ expectations of $824.12 million. During the same quarter last year, the company earned $1.19 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. On average, research analysts forecast that Kirby Co. will post 6.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on KEX. Stifel Nicolaus decreased their price target on shares of Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a report on Friday, January 31st. Bank of America decreased 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.

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.