Kirby Co. (NYSE:KEX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of Kirby Co. (NYSE:KEX) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,688,488 shares of the shipping company’s stock after selling 67,744 shares during the period. Dimensional Fund Advisors LP owned 4.59% of Kirby worth $321,895,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Kirby during the 2nd quarter worth $26,000. ORG Partners LLC purchased a new stake in Kirby during the second quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new stake in Kirby during the second quarter worth about $33,000. Blue Trust Inc. raised its holdings in shares of Kirby by 91.0% in the 2nd quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock worth $35,000 after purchasing an additional 141 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in shares of Kirby by 56.1% in the 1st quarter. 1832 Asset Management L.P. now owns 398 shares of the shipping company’s stock valued at $38,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KEX. Bank of America raised their price target on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Stifel Nicolaus upped their price target on shares of Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $123.80.

Insider Transactions at Kirby

In related news, CEO David W. Grzebinski sold 3,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $120.31, for a total value of $360,930.00. Following the completion of the transaction, the chief executive officer now owns 63,399 shares of the company’s stock, valued at $7,627,533.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David W. Grzebinski sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $120.31, for a total transaction of $360,930.00. Following the completion of the transaction, the chief executive officer now directly owns 63,399 shares in the company, valued at approximately $7,627,533.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Christian G. O’neil sold 2,770 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $110.21, for a total transaction of $305,281.70. Following the sale, the chief operating officer now directly owns 16,079 shares of the company’s stock, valued at approximately $1,772,066.59. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Kirby Trading Up 1.1 %

KEX opened at $120.32 on Tuesday. The firm’s 50 day moving average is $118.18 and its 200-day moving average is $111.34. Kirby Co. has a 52-week low of $72.11 and a 52-week high of $130.90. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $7.04 billion, a P/E ratio of 28.44, a P/E/G ratio of 0.71 and a beta of 1.17.

Kirby (NYSE:KEX) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. The firm had revenue of $824.40 million for the quarter, compared to the consensus estimate of $821.65 million. Kirby had a net margin of 8.72% and a return on equity of 8.70%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. Analysts expect that Kirby Co. will post 5.46 EPS for the current fiscal 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.