Hosking Partners LLP Has $4.69 Million Stake in Kirby Co. (KEX)

Hosking Partners LLP raised its stake in Kirby Co. (NYSE:KEX) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,212 shares of the shipping company’s stock after purchasing an additional 4,692 shares during the quarter. Hosking Partners LLP owned 0.12% of Kirby worth $4,690,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of KEX. Royal Bank of Canada raised its stake in shares of Kirby by 4.1% in the second quarter. Royal Bank of Canada now owns 17,636 shares of the shipping company’s stock worth $1,179,000 after purchasing an additional 689 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Kirby in the second quarter worth approximately $233,000. The Manufacturers Life Insurance Company raised its stake in shares of Kirby by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 79,295 shares of the shipping company’s stock worth $5,302,000 after purchasing an additional 1,551 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Kirby in the second quarter worth approximately $344,000. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Kirby by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 16,161 shares of the shipping company’s stock worth $1,080,000 after purchasing an additional 285 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

In other Kirby news, Director Monte J. Miller sold 2,336 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total transaction of $180,105.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David R. Mosley sold 5,694 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $73.37, for a total value of $417,768.78. Following the transaction, the vice president now directly owns 17,692 shares of the company’s stock, valued at $1,298,062.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,765 shares of company stock valued at $730,619. 2.70% of the stock is currently owned by corporate insiders.

Several analysts have recently commented on KEX shares. Zacks Investment Research downgraded Kirby from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Gabelli started coverage on Kirby in a research note on Tuesday, January 16th. They issued a “hold” rating and a $80.00 price objective for the company. Stifel Nicolaus reissued a “hold” rating and issued a $67.00 price objective on shares of Kirby in a research note on Friday, November 3rd. Stephens set a $89.00 price objective on Kirby and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, Jefferies Group started coverage on Kirby in a report on Monday, December 18th. They issued a “buy” rating and a $85.00 target price for the company. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. Kirby presently has a consensus rating of “Hold” and an average target price of $79.40.

Kirby Co. (NYSE:KEX) opened at $74.90 on Thursday. The stock has a market capitalization of $4,453.40, a P/E ratio of 36.39, a PEG ratio of 2.14 and a beta of 1.03. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. Kirby Co. has a twelve month low of $59.25 and a twelve month high of $80.90.

Kirby (NYSE:KEX) last released its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. The company had revenue of $708.10 million during the quarter, compared to analyst estimates of $612.61 million. Kirby had a return on equity of 4.37% and a net margin of 14.14%. Kirby’s quarterly revenue was up 62.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. analysts anticipate that Kirby Co. will post 2.79 EPS for the current year.

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Kirby Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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