Capital Advisory Group Advisory Services LLC Invests $409,000 in Kirby Co. (NYSE:KEX)

Capital Advisory Group Advisory Services LLC purchased a new stake in Kirby Co. (NYSE:KEX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,866 shares of the shipping company’s stock, valued at approximately $409,000.

A number of other hedge funds have also bought and sold shares of the business. Handelsbanken Fonder AB grew its position in shares of Kirby by 18.0% during the 4th quarter. Handelsbanken Fonder AB now owns 14,400 shares of the shipping company’s stock worth $1,524,000 after purchasing an additional 2,200 shares in the last quarter. Ieq Capital LLC bought a new stake in shares of Kirby in the fourth quarter valued at approximately $257,000. Bryn Mawr Capital Management LLC boosted its stake in shares of Kirby by 20.7% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 22,313 shares of the shipping company’s stock valued at $2,361,000 after buying an additional 3,823 shares during the period. Alberta Investment Management Corp acquired a new stake in Kirby during the fourth quarter worth approximately $2,099,000. Finally, Peregrine Capital Management LLC increased its stake in Kirby by 13.1% during the 4th quarter. Peregrine Capital Management LLC now owns 82,578 shares of the shipping company’s stock worth $8,737,000 after acquiring an additional 9,562 shares during the period. 96.15% of the stock is owned by institutional investors.

Insider Activity at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the company’s 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 completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by insiders.

Kirby Trading Down 1.7 %

Shares of KEX opened at $106.18 on Friday. 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 Co. has a 52-week low of $84.76 and a 52-week high of $132.21. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 0.90 and a beta of 1.19. The business’s fifty day moving average is $107.70 and its 200-day moving average is $116.53.

Kirby (NYSE:KEX) last released its 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 net margin of 8.78% and a return on equity of 9.71%. Equities analysts anticipate that Kirby Co. will post 6.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KEX has been the topic of several analyst reports. StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Stifel Nicolaus reduced their price objective on shares of Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.25.

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.