US Bancorp DE Has $212,000 Stock Position in Kirby Co. (NYSE:KEX)

US Bancorp DE reduced its holdings in shares of Kirby Co. (NYSE:KEX) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,001 shares of the shipping company’s stock after selling 373 shares during the quarter. US Bancorp DE’s holdings in Kirby were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp grew its holdings in shares of Kirby by 0.7% during the third quarter. State Street Corp now owns 1,667,520 shares of the shipping company’s stock valued at $204,154,000 after buying an additional 12,337 shares during the last quarter. Geode Capital Management LLC boosted its stake in Kirby by 0.3% in the third quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company’s stock valued at $117,724,000 after acquiring an additional 2,784 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Kirby by 27.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company’s stock valued at $85,585,000 after acquiring an additional 152,146 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Kirby by 2.6% in the fourth quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company’s stock valued at $43,911,000 after acquiring an additional 10,486 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Kirby by 112.0% in the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company’s stock valued at $40,504,000 after acquiring an additional 202,272 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Kirby Stock Performance

NYSE KEX opened at $99.05 on Friday. The company’s 50 day moving average is $105.15 and its 200-day moving average is $114.68. Kirby Co. has a 12-month low of $88.34 and a 12-month high of $132.21. 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 $5.66 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.71%. Sell-side analysts predict that Kirby Co. will post 6.57 earnings per share for the current year.

Insider Buying and Selling

In other Kirby news, VP Scott P. Miller sold 1,244 shares of the business’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. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Kirby currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

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.