Kirby Co. (NYSE:KEX) Stock Holdings Lowered by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its position in shares of Kirby Co. (NYSE:KEX) by 8.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 37,885 shares of the shipping company’s stock after selling 3,386 shares during the period. Stanley Laman Group Ltd. owned 0.06% of Kirby worth $4,638,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Kirby during the second quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Kirby in the 3rd quarter valued at about $30,000. ORG Partners LLC bought a new position in Kirby in the 2nd quarter valued at about $32,000. Opal Wealth Advisors LLC bought a new position in Kirby in the 2nd quarter valued at about $33,000. Finally, Blue Trust Inc. grew its position in Kirby by 91.0% in the 2nd quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock valued at $35,000 after buying an additional 141 shares in the last quarter. Institutional investors own 96.15% of the company’s stock.

Insider Transactions at Kirby

In other news, CEO David W. Grzebinski sold 26,358 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $120.46, for a total value of $3,175,084.68. Following the completion of the sale, the chief executive officer now directly owns 63,399 shares of the company’s stock, valued at $7,637,043.54. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Christian G. O’neil sold 14,031 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $123.29, for a total value of $1,729,881.99. Following the transaction, the chief operating officer now owns 12,746 shares in the company, valued at approximately $1,571,454.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David W. Grzebinski sold 26,358 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $120.46, for a total value of $3,175,084.68. Following the transaction, the chief executive officer now owns 63,399 shares in the company, valued at approximately $7,637,043.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,012 shares of company stock valued at $5,571,267 over the last three months. 1.50% of the stock is owned by corporate insiders.

Kirby Price Performance

KEX stock opened at $121.77 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. Kirby Co. has a one year low of $72.11 and a one year high of $130.90. The firm has a market capitalization of $7.13 billion, a PE ratio of 28.79, a P/E/G ratio of 0.75 and a beta of 1.17. The firm has a 50-day moving average of $120.29 and a two-hundred day moving average of $117.11.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The company had revenue of $824.40 million during the quarter, compared to analyst estimates of $821.65 million. Kirby had a net margin of 8.72% and a return on equity of 8.70%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. On average, analysts forecast that Kirby Co. will post 5.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KEX. Bank of America increased their target price on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.80.

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.