Savant Capital LLC Has $305,000 Stock Position in Kirby Co. (NYSE:KEX)

Savant Capital LLC trimmed its holdings in shares of Kirby Co. (NYSE:KEX) by 23.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,886 shares of the shipping company’s stock after selling 877 shares during the period. Savant Capital LLC’s holdings in Kirby were worth $305,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake 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 period. Empowered Funds LLC bought a new stake in Kirby during the 4th quarter valued at approximately $25,000. Brooklyn Investment Group bought a new stake in Kirby during the 3rd quarter valued at approximately $42,000. Capital Performance Advisors LLP bought a new stake in Kirby during the 3rd quarter valued at approximately $52,000. Finally, R Squared Ltd bought a new stake in Kirby during the 4th quarter valued at approximately $76,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Kirby Trading Up 0.8 %

Shares of KEX opened at $108.47 on Tuesday. Kirby Co. has a 1 year low of $84.56 and a 1 year high of $132.21. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $108.29 and a 200-day simple moving average of $116.66. The stock has a market cap of $6.23 billion, a PE ratio of 22.09, a PEG ratio of 0.89 and a beta of 1.19.

Kirby (NYSE:KEX) last announced its quarterly earnings data 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 9.78%. On average, sell-side analysts predict that Kirby Co. will post 6.54 EPS for the current fiscal year.

Analysts Set New Price Targets

KEX has been the subject of several recent analyst reports. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Stifel Nicolaus cut their price target on Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a report on Friday, January 31st. 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, Kirby currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling

In related 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 approximately $596,697.45. This represents a 18.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $128.21, for a total value of $1,025,680.00. Following the transaction, the director now owns 15,488 shares in the company, valued at $1,985,716.48. The trade was a 34.06 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

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.