Kirby Co. (NYSE:KEX) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in Kirby Co. (NYSE:KEX) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 955,587 shares of the shipping company’s stock after purchasing an additional 90,586 shares during the period. Janus Henderson Group PLC owned approximately 1.63% of Kirby worth $91,086,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Schroder Investment Management Group grew its holdings in Kirby by 12.2% in the fourth quarter. Schroder Investment Management Group now owns 630,360 shares of the shipping company’s stock valued at $49,471,000 after purchasing an additional 68,420 shares during the last quarter. Scout Investments Inc. grew its holdings in Kirby by 66.5% during the 1st quarter. Scout Investments Inc. now owns 108,814 shares of the shipping company’s stock valued at $10,299,000 after buying an additional 43,465 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Kirby by 166.6% in the fourth quarter. Quadrature Capital Ltd now owns 10,934 shares of the shipping company’s stock valued at $859,000 after acquiring an additional 6,832 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Kirby by 21.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 896,257 shares of the shipping company’s stock valued at $85,432,000 after acquiring an additional 157,880 shares during the last quarter. Finally, Sei Investments Co. increased its position in Kirby by 32.4% during the 1st quarter. Sei Investments Co. now owns 66,833 shares of the shipping company’s stock worth $6,371,000 after purchasing an additional 16,373 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Kirby Trading Up 1.0 %

Kirby stock traded up $1.23 during midday trading on Wednesday, reaching $121.78. The stock had a trading volume of 123,626 shares, compared to its average volume of 449,406. The stock’s 50-day simple moving average is $120.71 and its 200 day simple moving average is $103.27. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $130.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.81. The stock has a market capitalization of $7.13 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.18.

Insider Transactions at Kirby

In related news, VP Ronald A. Dragg sold 1,570 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $112.28, for a total value of $176,279.60. Following the transaction, the vice president now owns 9,081 shares in the company, valued at $1,019,614.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Ronald A. Dragg sold 1,570 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $112.28, for a total value of $176,279.60. Following the transaction, the vice president now owns 9,081 shares of the company’s stock, valued at approximately $1,019,614.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Grzebinski sold 3,000 shares of Kirby stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $120.31, for a total transaction of $360,930.00. Following the transaction, the chief executive officer now owns 63,399 shares in the company, valued at approximately $7,627,533.69. The disclosure for this sale can be found here. Insiders have sold a total of 28,893 shares of company stock worth $3,412,856 in the last three months. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KEX. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Stifel Nicolaus lifted their target price on shares of Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Wolfe Research initiated coverage on Kirby in a research note on Monday, April 22nd. They set an “outperform” rating and a $126.00 price target on the stock. Bank of America raised their price objective on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, BTIG Research upped their target price on Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $123.80.

Kirby 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.