Kirby Co. (NYSE:KEX) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its position in Kirby Co. (NYSE:KEX) by 158.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 765 shares of the shipping company’s stock after acquiring an additional 469 shares during the quarter. Blue Trust Inc.’s holdings in Kirby were worth $92,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Kirby in the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new position in shares of Kirby in the 3rd quarter worth approximately $30,000. ORG Partners LLC bought a new stake in shares of Kirby in the 2nd quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Kirby in the 2nd quarter worth approximately $33,000. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in shares of Kirby in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Insider Transactions at Kirby

In related news, CEO David W. Grzebinski sold 26,358 shares of Kirby stock in a transaction on Monday, September 16th. The stock was 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 directly owns 63,399 shares in the company, valued at $7,637,043.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO David W. Grzebinski sold 26,358 shares of Kirby stock in a transaction on Monday, September 16th. The stock was 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 directly owns 63,399 shares in the company, valued at $7,637,043.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Amy D. Husted sold 2,853 shares of Kirby stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total value of $361,018.62. Following the transaction, the vice president now owns 5,280 shares in the company, valued at $668,131.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,012 shares of company stock valued at $5,571,267. Corporate insiders own 1.50% of the company’s stock.

Kirby Stock Down 1.4 %

KEX opened at $123.05 on Wednesday. Kirby Co. has a one year low of $72.11 and a one year high of $130.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.70. The stock’s fifty day moving average is $120.75 and its 200-day moving average is $117.80. The company has a market capitalization of $7.20 billion, a PE ratio of 29.09, a P/E/G ratio of 0.75 and a beta of 1.17.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KEX. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. Bank of America raised their price target on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One research 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 an average rating of “Moderate Buy” and an average target price of $123.80.

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.