Cadent Capital Advisors LLC Has $204,000 Stock Holdings in Kirby Co. (NYSE:KEX)

Cadent Capital Advisors LLC reduced its position in Kirby Co. (NYSE:KEXFree Report) by 17.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,594 shares of the shipping company’s stock after selling 544 shares during the period. Cadent Capital Advisors LLC’s holdings in Kirby were worth $204,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. lifted its stake in Kirby by 87.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 404 shares of the shipping company’s stock valued at $31,000 after purchasing an additional 188 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Kirby by 293.9% during the second quarter. Quadrant Capital Group LLC now owns 646 shares of the shipping company’s stock worth $50,000 after acquiring an additional 482 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Kirby during the first quarter worth approximately $47,000. Coppell Advisory Solutions Corp. acquired a new stake in Kirby during the fourth quarter worth approximately $45,000. Finally, NBC Securities Inc. bought a new position in shares of Kirby during the third quarter worth approximately $59,000. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Kirby Stock Performance

Shares of NYSE:KEX opened at $95.13 on Wednesday. The company’s 50 day simple moving average is $85.37 and its 200 day simple moving average is $81.31. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.01. Kirby Co. has a 1 year low of $66.42 and a 1 year high of $95.49.

Kirby (NYSE:KEXGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The shipping company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Kirby had a net margin of 7.21% and a return on equity of 7.12%. The business had revenue of $799.18 million for the quarter, compared to analysts’ expectations of $778.70 million. During the same period last year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Kirby Co. will post 4.94 EPS for the current fiscal year.

Insider Transactions at Kirby

In other news, 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 completion of the transaction, the vice president now directly owns 1,000 shares in the company, valued at $79,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Scott P. Miller sold 1,828 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $79.60, for a total value of $145,508.80. Following the sale, the vice president now owns 1,000 shares of the company’s stock, valued at $79,600. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christian G. O’neil sold 8,994 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $85.15, for a total transaction of $765,839.10. Following the completion of the sale, the insider now directly owns 16,079 shares in the company, valued at approximately $1,369,126.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,803 shares of company stock worth $3,921,057. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KEX shares. Stephens reaffirmed an “overweight” rating and set a $105.00 target price on shares of Kirby in a report on Monday, February 5th. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a research note on Monday.

Get Our Latest Stock Analysis on Kirby

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

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Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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