Mark Sheptoff Financial Planning LLC Takes Position in Kirby Co. (NYSE:KEX)

Mark Sheptoff Financial Planning LLC purchased a new position in shares of Kirby Co. (NYSE:KEX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 310 shares of the shipping company’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KEX. International Assets Investment Management LLC bought a new position in shares of Kirby during the 2nd quarter worth approximately $26,000. ORG Partners LLC acquired a new stake in Kirby during the 2nd quarter valued at $32,000. Opal Wealth Advisors LLC bought a new position in Kirby during the second quarter worth $33,000. Blue Trust Inc. increased its holdings in shares of Kirby by 91.0% in the second quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock valued at $35,000 after purchasing an additional 141 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Kirby in the second quarter valued at about $38,000. Institutional investors own 96.15% of the company’s stock.

Kirby Trading Up 0.2 %

KEX stock opened at $123.08 on Thursday. Kirby Co. has a 52 week low of $72.11 and a 52 week high of $130.90. The company has a market capitalization of $7.20 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. The company’s 50-day simple moving average is $118.33 and its 200 day simple moving average is $111.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.70.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, August 1st. The shipping company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. Kirby had a net margin of 8.72% and a return on equity of 8.70%. The firm had revenue of $824.40 million for the quarter, compared to analyst estimates of $821.65 million. During the same quarter in the prior year, the business posted $0.95 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kirby Co. will post 5.46 earnings per share for the current year.

Insider Buying and Selling

In other Kirby news, CEO David W. Grzebinski sold 3,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $120.31, for a total transaction of $360,930.00. Following the sale, the chief executive officer now directly owns 63,399 shares in the company, valued at $7,627,533.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO David W. Grzebinski sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were 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 directly owns 63,399 shares in the company, valued at approximately $7,627,533.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $120.46, for a total transaction of $3,175,084.68. Following the sale, the chief executive officer now owns 63,399 shares in the company, valued at approximately $7,637,043.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,128 shares of company stock worth $3,841,296. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on KEX. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Bank of America boosted their price objective on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kirby has an average rating of “Buy” and a consensus 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.