Bryn Mawr Capital Management LLC Cuts Stake in Kirby Co. (NYSE:KEX)

Bryn Mawr Capital Management LLC lowered its position in shares of Kirby Co. (NYSE:KEX) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,302 shares of the shipping company’s stock after selling 188 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Kirby were worth $1,936,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew 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 purchasing an additional 10,486 shares during the last quarter. Coyle Financial Counsel LLC grew its stake in Kirby by 7.2% in the fourth quarter. Coyle Financial Counsel LLC now owns 15,960 shares of the shipping company’s stock valued at $1,689,000 after purchasing an additional 1,067 shares during the last quarter. Skylands Capital LLC purchased a new position in Kirby in the fourth quarter valued at about $3,592,000. Y Intercept Hong Kong Ltd purchased a new position in Kirby in the fourth quarter valued at about $1,114,000. Finally, TCW Group Inc. grew its stake in Kirby by 35.4% in the fourth quarter. TCW Group Inc. now owns 27,110 shares of the shipping company’s stock valued at $2,868,000 after purchasing an additional 7,082 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Price Performance

Shares of NYSE KEX opened at $102.21 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. The company has a market cap of $5.84 billion, a PE ratio of 20.82, a P/E/G ratio of 0.88 and a beta of 1.19. The business has a 50-day simple moving average of $106.95 and a two-hundred day simple moving average of $116.36. Kirby Co. has a fifty-two week low of $86.02 and a fifty-two week high of $132.21.

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

Insiders Place Their Bets

In related news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction of $133,866.84. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Stifel Nicolaus cut their target price on Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kirby has an average rating of “Moderate Buy” and a consensus price target of $129.25.

About Kirby

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.