AMG National Trust Bank Sells 140 Shares of Kirby Co. (NYSE:KEX)

AMG National Trust Bank decreased its stake in Kirby Co. (NYSE:KEX) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,441 shares of the shipping company’s stock after selling 140 shares during the period. AMG National Trust Bank’s holdings in Kirby were worth $1,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC bought a new position in Kirby in the fourth quarter valued at $53,000. NBC Securities Inc. purchased a new position in shares of Kirby during the 3rd quarter valued at about $59,000. AXQ Capital LP bought a new stake in Kirby in the 3rd quarter worth approximately $224,000. Panagora Asset Management Inc. purchased a new stake in Kirby in the third quarter worth approximately $226,000. Finally, Vestmark Advisory Solutions Inc. bought a new position in Kirby during the third quarter valued at approximately $239,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Trading Up 1.9 %

Kirby stock traded up $2.17 during trading hours on Friday, reaching $117.57. The stock had a trading volume of 562,347 shares, compared to its average volume of 563,571. The company has a fifty day simple moving average of $100.94 and a 200-day simple moving average of $87.18. Kirby Co. has a 52 week low of $71.21 and a 52 week high of $118.08. The stock has a market cap of $6.88 billion, a PE ratio of 27.79, a PEG ratio of 1.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.81 and a quick ratio of 1.12.

Kirby (NYSE:KEX) last posted its earnings results on Friday, April 26th. The shipping company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.22. The company had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $784.49 million. Kirby had a return on equity of 7.96% and a net margin of 8.01%. Kirby’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.68 earnings per share. Analysts forecast that Kirby Co. will post 5.29 EPS for the current fiscal year.

Analyst Ratings Changes

KEX has been the subject of a number of recent research reports. Stephens restated an “overweight” rating and issued a $105.00 price objective on shares of Kirby in a report on Monday, February 5th. BTIG Research upped their price target on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Wolfe Research started coverage on Kirby in a report on Monday, April 22nd. They issued an “outperform” rating and a $126.00 price objective on the stock. Stifel Nicolaus boosted their target price on Kirby from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, StockNews.com upgraded Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $116.00.

Insider Transactions at Kirby

In related news, VP Scott P. Miller sold 487 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was 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 owns 1,000 shares in the company, valued at $99,780. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Scott P. Miller sold 487 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $99.78, for a total transaction of $48,592.86. Following the transaction, the vice president now owns 1,000 shares in the company, valued at $99,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William M. Waterman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $114.51, for a total transaction of $1,145,100.00. Following the completion of the sale, the director now owns 77,316 shares of the company’s stock, valued at $8,853,455.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,649 shares of company stock worth $3,861,546. 1.50% of the stock is currently owned by insiders.

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.