Aigen Investment Management LP Buys New Shares in Kirby Co. (NYSE:KEX)

Aigen Investment Management LP bought a new stake in Kirby Co. (NYSE:KEX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,086 shares of the shipping company’s stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Kirby by 27.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 142,265 shares of the shipping company’s stock valued at $17,418,000 after purchasing an additional 30,713 shares during the last quarter. Atria Investments Inc lifted its holdings in Kirby by 27.5% during the 3rd quarter. Atria Investments Inc now owns 35,353 shares of the shipping company’s stock valued at $4,328,000 after purchasing an additional 7,629 shares during the last quarter. Advantage Alpha Capital Partners LP lifted its holdings in Kirby by 51.2% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 48,693 shares of the shipping company’s stock valued at $5,961,000 after purchasing an additional 16,497 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in Kirby by 112.0% during the 4th quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company’s stock valued at $40,504,000 after purchasing an additional 202,272 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Kirby by 24.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 29,659 shares of the shipping company’s stock valued at $3,143,000 after purchasing an additional 5,804 shares during the last quarter. 96.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total value of $133,866.84. Following the transaction, the vice president now owns 5,545 shares in the company, valued at $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.

Kirby Stock Down 1.0 %

KEX opened at $97.03 on Friday. Kirby Co. has a fifty-two week low of $86.02 and a fifty-two week high of $132.21. 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 company has a market capitalization of $5.54 billion, a P/E ratio of 19.76, a P/E/G ratio of 0.88 and a beta of 1.18. The stock has a fifty day moving average of $106.05 and a 200-day moving average of $115.41.

Kirby (NYSE:KEX) last posted its quarterly earnings results 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%. On average, equities analysts expect that Kirby Co. will post 6.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KEX. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Stifel Nicolaus dropped their target price on Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a report on Friday, January 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Kirby currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

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.