Bryn Mawr Capital Management LLC Has $2.03 Million Stock Holdings in Kirby Co. (NYSE:KEX)

Bryn Mawr Capital Management LLC raised its stake in Kirby Co. (NYSE:KEX) by 193.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,866 shares of the shipping company’s stock after buying an additional 17,052 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Kirby were worth $2,030,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Kirby by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,015,915 shares of the shipping company’s stock valued at $498,118,000 after buying an additional 64,420 shares during the period. Morgan Stanley grew its position in Kirby by 0.9% in the third quarter. Morgan Stanley now owns 4,213,354 shares of the shipping company’s stock worth $348,866,000 after acquiring an additional 38,664 shares in the last quarter. FMR LLC grew its position in Kirby by 30.9% in the third quarter. FMR LLC now owns 2,100,068 shares of the shipping company’s stock worth $173,886,000 after acquiring an additional 495,541 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Kirby by 3.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 738,377 shares of the shipping company’s stock worth $57,947,000 after acquiring an additional 24,040 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Kirby by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 543,406 shares of the shipping company’s stock worth $44,994,000 after acquiring an additional 22,725 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Insider Activity at Kirby

In related news, VP Scott P. Miller sold 487 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $99.78, for a total transaction of $48,592.86. Following the completion of the transaction, the vice president now directly owns 1,000 shares in the company, valued at approximately $99,780. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Scott P. Miller sold 487 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $99.78, for a total transaction of $48,592.86. Following the completion of the transaction, the vice president now directly owns 1,000 shares in the company, valued at approximately $99,780. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Scott P. Miller sold 1,828 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $79.60, for a total transaction of $145,508.80. Following the transaction, the vice president now owns 1,000 shares of the company’s stock, valued at $79,600. The disclosure for this sale can be found here. Insiders sold a total of 56,418 shares of company stock worth $4,932,521 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

KEX has been the subject of several recent research reports. Stephens reissued an “overweight” rating and issued a $105.00 target price on shares of Kirby in a research report on Monday, February 5th. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Stifel Nicolaus boosted their target price on shares of Kirby from $100.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. BTIG Research boosted their target price on shares of Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Finally, Wolfe Research started coverage on shares of Kirby in a report on Monday. They set an “outperform” rating and a $126.00 price objective for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $116.00.

Kirby Stock Performance

Shares of NYSE KEX traded down $0.10 during trading hours on Friday, hitting $112.06. 783,584 shares of the stock were exchanged, compared to its average volume of 417,887. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.01. The company’s 50 day moving average is $92.72 and its 200 day moving average is $83.56. The firm has a market capitalization of $6.56 billion, a P/E ratio of 29.95, a P/E/G ratio of 1.70 and a beta of 1.21. Kirby Co. has a one year low of $67.07 and a one year high of $114.35.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Thursday, April 25th. The shipping company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.22. The business had revenue of $808.00 million during the quarter, compared to the consensus estimate of $784.49 million. Kirby had a net margin of 7.21% and a return on equity of 7.12%. Kirby’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. On average, research analysts expect that Kirby Co. will post 4.96 EPS for the current year.

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.