Custom Index Systems LLC Reduces Holdings in Kirby Co. (NYSE:KEX)

Custom Index Systems LLC lowered its stake in shares of Kirby Co. (NYSE:KEX) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,015 shares of the shipping company’s stock after selling 402 shares during the quarter. Custom Index Systems LLC’s holdings in Kirby were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KEX. Farther Finance Advisors LLC boosted its position in 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 acquiring an additional 168 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Kirby in the 3rd quarter valued at approximately $30,000. Brooklyn Investment Group bought a new stake in shares of Kirby during the third quarter valued at approximately $42,000. Capital Performance Advisors LLP purchased a new stake in Kirby in the third quarter worth $52,000. Finally, R Squared Ltd bought a new position in Kirby in the fourth quarter worth $76,000. 96.15% of the stock is owned by institutional investors.

Kirby Trading Down 2.7 %

NYSE KEX opened at $109.13 on Friday. The stock’s fifty day moving average price is $111.96 and its 200-day moving average price is $117.75. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market cap of $6.26 billion, a P/E ratio of 20.95, a P/E/G ratio of 0.53 and a beta of 1.21. Kirby Co. has a 12 month low of $78.63 and a 12 month high of $132.21.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Kirby had a net margin of 9.37% and a return on equity of 9.43%. As a group, equities analysts forecast that Kirby Co. will post 5.45 EPS for the current fiscal year.

Insider Activity at Kirby

In other Kirby news, COO Christian G. O’neil sold 15,041 shares of Kirby stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total value of $1,955,330.00. Following the completion of the sale, the chief operating officer now owns 7,746 shares of the company’s stock, valued at approximately $1,006,980. This trade represents a 66.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ronald A. Dragg sold 2,313 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $127.30, for a total value of $294,444.90. Following the completion of the transaction, the vice president now owns 7,683 shares of the company’s stock, valued at $978,045.90. This represents a 23.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,354 shares of company stock valued at $3,275,455 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Stifel Nicolaus dropped their target price on shares of Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a report on Friday. StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.40.

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.