US Bancorp DE Sells 108 Shares of Kirby Co. (NYSE:KEX)

US Bancorp DE lowered its stake in shares of Kirby Co. (NYSE:KEX) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,374 shares of the shipping company’s stock after selling 108 shares during the quarter. US Bancorp DE’s holdings in Kirby were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KEX. International Assets Investment Management LLC bought a new position in shares of Kirby during the 2nd quarter worth about $26,000. ORG Wealth Partners LLC acquired a new position in Kirby in the 3rd quarter valued at 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 acquired a new stake in shares of Kirby during the 2nd quarter worth approximately $33,000. Finally, Blue Trust Inc. increased its position in shares of Kirby by 91.0% during 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 period. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kirby

In other Kirby news, COO Christian G. O’neil sold 15,041 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the sale, the chief operating officer now owns 7,746 shares of the company’s stock, valued at $1,006,980. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Christian G. O’neil sold 15,041 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the completion of the sale, the chief operating officer now owns 7,746 shares in the company, valued at $1,006,980. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ronald A. Dragg sold 2,313 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $127.30, for a total value of $294,444.90. Following the transaction, the vice president now directly owns 7,683 shares in the company, valued at $978,045.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 60,596 shares of company stock valued at $7,515,760 over the last ninety days. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

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

Kirby Trading Down 1.3 %

Shares of Kirby stock opened at $128.49 on Thursday. Kirby Co. has a 12-month low of $72.11 and a 12-month high of $132.04. The stock has a market capitalization of $7.44 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 0.77 and a beta of 1.17. The company has a 50-day simple moving average of $121.93 and a 200 day simple moving average of $119.53. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.32.

Kirby (NYSE:KEX) last posted its earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.49%. The company had revenue of $831.10 million during the quarter, compared to analysts’ expectations of $824.42 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. Kirby’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts expect that Kirby Co. will post 5.44 earnings per share for the current fiscal year.

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.