Kirby Co. (NYSE:KEX) Shares Acquired by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC lifted its position in shares of Kirby Co. (NYSE:KEX) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,960 shares of the shipping company’s stock after purchasing an additional 1,067 shares during the period. Coyle Financial Counsel LLC’s holdings in Kirby were worth $1,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KEX. Farther Finance Advisors LLC increased its position in shares of Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Empowered Funds LLC acquired a new position in Kirby in the 4th quarter valued at about $25,000. Brooklyn Investment Group acquired a new position in Kirby in the 3rd quarter valued at about $42,000. Capital Performance Advisors LLP acquired a new position in Kirby in the 3rd quarter valued at about $52,000. Finally, R Squared Ltd acquired a new position in Kirby in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on KEX. Stifel Nicolaus dropped their price target 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 cut Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Kirby Price Performance

Shares of KEX opened at $100.83 on Tuesday. Kirby Co. has a twelve month low of $86.02 and a twelve month high of $132.21. The stock’s 50 day moving average is $107.14 and its two-hundred day moving average is $116.47. The firm has a market capitalization of $5.76 billion, a PE ratio of 20.54, a P/E/G ratio of 0.88 and a beta of 1.19. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26.

Kirby (NYSE:KEX) last announced its quarterly earnings data 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 net margin of 8.78% and a return on equity of 9.71%. Research analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current year.

Insider Buying and Selling at Kirby

In other Kirby news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction that occurred 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 of the company’s stock, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

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.