EverSource Wealth Advisors LLC Has $1.43 Million Position in Kirby Co. (NYSE:KEX)

EverSource Wealth Advisors LLC boosted its holdings in Kirby Co. (NYSE:KEX) by 51.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,548 shares of the shipping company’s stock after purchasing an additional 4,627 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Kirby were worth $1,433,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KEX. Farther Finance Advisors LLC grew its position in Kirby by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Empowered Funds LLC purchased a new position in Kirby during the 4th quarter worth $25,000. Brooklyn Investment Group purchased a new position in Kirby during the 3rd quarter worth $42,000. R Squared Ltd purchased a new position in Kirby during the 4th quarter worth $76,000. Finally, Virtus Fund Advisers LLC boosted its holdings in Kirby by 38.8% during the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company’s stock worth $102,000 after acquiring an additional 233 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KEX. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Stifel Nicolaus cut their price target on shares of Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kirby currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Insider Transactions at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $596,697.45. This represents a 18.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Kirby Trading Up 0.3 %

Shares of Kirby stock opened at $96.63 on Thursday. Kirby Co. has a 52-week low of $87.57 and a 52-week high of $132.21. The stock’s 50-day simple moving average is $105.47 and its 200 day simple moving average is $114.96. The stock has a market capitalization of $5.52 billion, a P/E ratio of 19.68, 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 announced its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.71%. As a group, research analysts anticipate that Kirby Co. will post 6.57 EPS for the current year.

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.