AMG National Trust Bank Sells 2,275 Shares of Kirby Co. (NYSE:KEX)

AMG National Trust Bank trimmed its position in shares of Kirby Co. (NYSE:KEX) by 27.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,153 shares of the shipping company’s stock after selling 2,275 shares during the quarter. AMG National Trust Bank’s holdings in Kirby were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC lifted its holdings in shares of Kirby by 0.7% during the 3rd quarter. Quest Partners LLC now owns 12,462 shares of the shipping company’s stock valued at $1,526,000 after buying an additional 89 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Kirby by 1.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company’s stock valued at $895,000 after buying an additional 108 shares during the period. Huntington National Bank lifted its holdings in shares of Kirby by 8.5% during the 3rd quarter. Huntington National Bank now owns 1,668 shares of the shipping company’s stock valued at $204,000 after buying an additional 130 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after buying an additional 168 shares during the period. Finally, Virtus Fund Advisers LLC lifted its holdings in shares of Kirby by 38.8% during the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company’s stock valued at $102,000 after buying an additional 233 shares during the period. 96.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

Kirby Price Performance

Shares of Kirby stock opened at $97.03 on Friday. Kirby Co. has a one year low of $86.02 and a one year high of $132.21. The stock’s fifty day moving average is $106.05 and its 200 day moving average is $115.40. The stock has a market cap 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 company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45.

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

Wall Street Analysts Forecast Growth

KEX has been the topic of a number of recent research reports. Stifel Nicolaus decreased their target price on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com cut Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kirby presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

About Kirby

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.