F M Investments LLC Has $14.44 Million Holdings in Kirby Co. (NYSE:KEX)

F M Investments LLC trimmed its holdings in Kirby Co. (NYSE:KEX) by 0.4% in the 3rd quarter, Holdings Channel reports. The fund owned 117,938 shares of the shipping company’s stock after selling 530 shares during the quarter. F M Investments LLC’s holdings in Kirby were worth $14,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of KEX. Jennison Associates LLC grew its position in Kirby by 4.1% in the 1st quarter. Jennison Associates LLC now owns 1,401,844 shares of the shipping company’s stock worth $133,624,000 after purchasing an additional 54,755 shares during the last quarter. Janus Henderson Group PLC grew its position in Kirby by 10.5% during the first quarter. Janus Henderson Group PLC now owns 955,587 shares of the shipping company’s stock worth $91,086,000 after buying an additional 90,586 shares in the last quarter. Encompass Capital Advisors LLC increased its stake in Kirby by 33.9% during the second quarter. Encompass Capital Advisors LLC now owns 887,384 shares of the shipping company’s stock valued at $106,246,000 after acquiring an additional 224,802 shares during the period. Hood River Capital Management LLC raised its holdings in Kirby by 5.7% in the 2nd quarter. Hood River Capital Management LLC now owns 812,283 shares of the shipping company’s stock valued at $97,255,000 after acquiring an additional 43,685 shares in the last quarter. Finally, Select Equity Group L.P. bought a new stake in shares of Kirby in the 2nd quarter worth approximately $65,928,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KEX shares. StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. Bank of America boosted their price target on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

Insiders Place Their Bets

In other Kirby news, COO Christian G. O’neil sold 2,770 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $110.21, for a total transaction of $305,281.70. Following the transaction, the chief operating officer now owns 16,079 shares of the company’s stock, valued at approximately $1,772,066.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kirby news, COO Christian G. O’neil sold 2,770 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $110.21, for a total transaction of $305,281.70. Following the completion of the sale, the chief operating officer now directly owns 16,079 shares of the company’s stock, valued at approximately $1,772,066.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Amy D. Husted sold 2,853 shares of Kirby stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $126.54, for a total transaction of $361,018.62. Following the sale, the vice president now owns 5,280 shares of the company’s stock, valued at approximately $668,131.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,012 shares of company stock valued at $5,571,267 in the last 90 days. 1.50% of the stock is currently owned by insiders.

Kirby Price Performance

Shares of Kirby stock traded down $0.48 during midday trading on Friday, hitting $114.28. 630,737 shares of the company were exchanged, compared to its average volume of 458,506. The firm has a 50 day simple moving average of $120.75 and a 200-day simple moving average of $118.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70 and a quick ratio of 1.05. The firm has a market cap of $6.62 billion, a P/E ratio of 21.94, a PEG ratio of 0.71 and a beta of 1.17. Kirby Co. has a 52 week low of $72.11 and a 52 week high of $130.90.

Kirby (NYSE:KEX) last issued its earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. The company had revenue of $831.10 million for the quarter, compared to the consensus estimate of $824.42 million. Kirby had a net margin of 9.37% and a return on equity of 9.49%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Research analysts forecast that Kirby Co. will post 5.46 earnings per share 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.