New Age Alpha Advisors LLC Purchases New Stake in Kirby Co. (NYSE:KEX)

New Age Alpha Advisors LLC acquired a new position in shares of Kirby Co. (NYSE:KEX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,402 shares of the shipping company’s stock, valued at approximately $3,746,000. New Age Alpha Advisors LLC owned about 0.06% of Kirby as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Kirby by 27.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 142,265 shares of the shipping company’s stock worth $17,418,000 after acquiring an additional 30,713 shares during the period. Bank of New York Mellon Corp boosted its holdings in Kirby by 2.6% in the 4th quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company’s stock valued at $43,911,000 after purchasing an additional 10,486 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Kirby by 112.0% in the 4th quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company’s stock valued at $40,504,000 after buying an additional 202,272 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of Kirby by 24.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 29,659 shares of the shipping company’s stock worth $3,143,000 after buying an additional 5,804 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Kirby during the 4th quarter valued at approximately $18,749,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Bank of America lowered their price objective on Kirby from $133.00 to $123.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Stifel Nicolaus decreased their target price on shares of Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One 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, Kirby presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.75.

Kirby Trading Down 2.1 %

KEX opened at $100.77 on Friday. 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 firm has a market cap of $5.73 billion, a P/E ratio of 20.52, a P/E/G ratio of 0.88 and a beta of 1.18. Kirby Co. has a 52 week low of $93.63 and a 52 week high of $132.21. The business has a fifty day simple moving average of $104.15 and a 200-day simple moving average of $113.63.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, January 30th. The shipping company reported $1.29 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%. On average, equities analysts expect that Kirby Co. will post 6.57 earnings per share for the current year.

Insider Activity at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 trade represents a 18.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.90% 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.