1 week Ago By ABMN Staff
JPMorgan Chase & Co. raised its stake in shares of Kirby Co. ( NYSE:KEX – Free Report ) by 13.
5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 161,495 shares of the shipping company’s stock after acquiring an additional 19,230 shares during the period. JPMorgan Chase & Co.
’s holdings in Kirby were worth $17,086,000 as of its most recent SEC filing. A number of other large investors have also recently made changes to their positions in KEX. Empowered Funds LLC bought a new position in Kirby during the fourth quarter valued at approximately $25,000.
R Squared Ltd purchased a new stake in Kirby during the 4th quarter valued at $76,000. Signaturefd LLC lifted its holdings in shares of Kirby by 13.1% during the 4th quarter.
Signaturefd LLC now owns 1,746 shares of the shipping company’s stock valued at $185,000 after buying an additional 202 shares during the period. Ieq Capital LLC bought a new position in Kirby in the fourth quarter valued at about $257,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Kirby during the 4th quarter valued at about $303,000.
96.15% of the stock is currently owned by institutional investors. Insider Transactions at Kirby In other news, VP Scott P.
Miller sold 1,244 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction of $133,866.
84. Following the transaction, the vice president now owns 5,545 shares of the company’s stock, valued at approximately $596,697.45.
This represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link .
Company insiders own 0.90% of the company’s stock. Kirby Stock Performance Kirby ( NYSE:KEX – Get Free Report ) last issued its quarterly earnings results on Thursday, January 30th.
The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.
01). Kirby had a return on equity of 9.71% and a net margin of 8.
78%. On average, equities research analysts forecast that Kirby Co. will post 6.
57 EPS for the current fiscal year. Wall Street Analysts Forecast Growth A number of brokerages recently commented on KEX. StockNews.
com cut Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Bank of America lowered their price target on shares of Kirby from $133.00 to $123.
00 and set a “buy” rating on the stock in a report on Friday, March 28th. Finally, Stifel Nicolaus decreased their price objective 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. Read Our Latest Analysis on KEX About Kirby ( Free Report ) 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.
See Also Want to see what other hedge funds are holding KEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirby Co. ( NYSE:KEX – Free Report ).
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