Samlyn Capital LLC Has $38.28 Million Stock Holdings in Kirby Co. (NYSE:KEX)

Samlyn Capital LLC increased its holdings in shares of Kirby Co. (NYSE:KEX) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 319,752 shares of the shipping company’s stock after purchasing an additional 23,086 shares during the period. Samlyn Capital LLC owned approximately 0.55% of Kirby worth $38,284,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Davidson Kempner Capital Management LP lifted its holdings in shares of Kirby by 10.7% in the second quarter. Davidson Kempner Capital Management LP now owns 155,000 shares of the shipping company’s stock valued at $18,558,000 after purchasing an additional 15,000 shares in the last quarter. Bank of Montreal Can lifted its holdings in Kirby by 52.0% during the second quarter. Bank of Montreal Can now owns 148,548 shares of the shipping company’s stock worth $17,786,000 after acquiring an additional 50,849 shares during the period. Hood River Capital Management LLC lifted its holdings in Kirby by 5.7% during the second quarter. Hood River Capital Management LLC now owns 812,283 shares of the shipping company’s stock worth $97,255,000 after acquiring an additional 43,685 shares during the period. EverSource Wealth Advisors LLC increased its position in Kirby by 58.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,650 shares of the shipping company’s stock worth $817,000 after buying an additional 2,440 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Kirby by 46.7% in the second quarter. Sei Investments Co. now owns 98,062 shares of the shipping company’s stock valued at $11,742,000 after purchasing an additional 31,229 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on KEX shares. Bank of America lifted their price target on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.80.

Kirby Stock Performance

Kirby stock opened at $124.58 on Tuesday. 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 company has a market capitalization of $7.29 billion, a P/E ratio of 29.45, a PEG ratio of 0.71 and a beta of 1.17. The stock’s 50 day moving average is $118.53 and its 200 day moving average is $112.60. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $130.90.

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

Insider Activity at Kirby

In related news, VP Amy D. Husted sold 2,853 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $126.54, for a total value of $361,018.62. Following the transaction, the vice president now directly owns 5,280 shares of the company’s stock, valued at approximately $668,131.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Amy D. Husted sold 2,853 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $126.54, for a total value of $361,018.62. Following the transaction, the vice president now directly owns 5,280 shares of the company’s stock, valued at approximately $668,131.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David W. Grzebinski sold 3,000 shares of the company’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 $7,627,533.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,012 shares of company stock valued at $5,932,197. 1.50% of the stock is owned by corporate insiders.

Kirby 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.