Bryn Mawr Capital Management LLC Lowers Holdings in Kirby Co. (NYSE:KEX)

Bryn Mawr Capital Management LLC cut its holdings in Kirby Co. (NYSE:KEX) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,302 shares of the shipping company’s stock after selling 188 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Kirby were worth $1,936,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Kirby by 0.7% during the 3rd quarter. State Street Corp now owns 1,667,520 shares of the shipping company’s stock worth $204,154,000 after acquiring an additional 12,337 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kirby by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company’s stock worth $117,724,000 after acquiring an additional 2,784 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kirby by 27.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company’s stock worth $85,585,000 after acquiring an additional 152,146 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Kirby by 68.7% during the 3rd quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock worth $58,428,000 after acquiring an additional 194,410 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kirby by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company’s stock worth $43,911,000 after acquiring an additional 10,486 shares in the last quarter. 96.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Stifel Nicolaus cut their target price on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Kirby Stock Performance

KEX stock opened at $102.21 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $106.95 and its two-hundred day simple moving average is $116.36. Kirby Co. has a twelve month low of $86.02 and a twelve month high of $132.21. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 0.88 and a beta of 1.19.

Kirby (NYSE:KEX) last released its earnings results 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 return on equity of 9.71% and a net margin of 8.78%. Analysts predict that Kirby Co. will post 6.57 earnings per share for the current year.

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 sale, the vice president now owns 5,545 shares in the company, valued at $596,697.45. This trade represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

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.