M&T Bank Corp Purchases 2,034 Shares of Kirby Co. (NYSE:KEX)

M&T Bank Corp increased its holdings in shares of Kirby Co. (NYSE:KEX) by 13.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,821 shares of the shipping company’s stock after purchasing an additional 2,034 shares during the period. M&T Bank Corp’s holdings in Kirby were worth $1,780,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KEX. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Kirby by 34.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,532 shares of the shipping company’s stock worth $310,000 after acquiring an additional 655 shares during the period. Farther Finance Advisors LLC lifted its holdings 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 purchasing an additional 168 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Kirby during the third quarter worth $871,000. Asset Management One Co. Ltd. increased its holdings in shares of Kirby by 7.5% in the third quarter. Asset Management One Co. Ltd. now owns 23,855 shares of the shipping company’s stock valued at $2,921,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Kirby in the third quarter valued at about $52,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $133,866.84. Following the sale, the vice president now directly owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. This represents a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Kirby Trading Down 1.0 %

Shares of Kirby stock opened at $97.03 on Monday. Kirby Co. has a 52-week low of $86.02 and a 52-week high of $132.21. The stock has a market cap of $5.54 billion, a PE ratio of 19.76, a PEG ratio of 0.88 and a beta of 1.18. The firm has a 50-day moving average of $106.05 and a 200-day moving average of $115.40. 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 posted its quarterly earnings data 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%. As a group, sell-side analysts forecast that Kirby Co. will post 6.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented 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 reduced their price objective on Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.