Barclays PLC Sells 3,604 Shares of Kirby Co. (NYSE:KEX)

Barclays PLC decreased its holdings in Kirby Co. (NYSE:KEX) by 15.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,039 shares of the shipping company’s stock after selling 3,604 shares during the period. Barclays PLC’s holdings in Kirby were worth $2,333,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC boosted its position in shares of Kirby by 1,247.8% in the second quarter. Quest Partners LLC now owns 12,373 shares of the shipping company’s stock valued at $1,481,000 after acquiring an additional 11,455 shares during the period. Samlyn Capital LLC lifted its position in shares of Kirby by 7.8% during the 2nd quarter. Samlyn Capital LLC now owns 319,752 shares of the shipping company’s stock valued at $38,284,000 after acquiring an additional 23,086 shares during the period. Creative Planning grew its holdings in shares of Kirby by 2.2% during the 3rd quarter. Creative Planning now owns 6,683 shares of the shipping company’s stock worth $818,000 after purchasing an additional 147 shares in the last quarter. Atria Investments Inc increased its position in shares of Kirby by 27.5% in the third quarter. Atria Investments Inc now owns 35,353 shares of the shipping company’s stock worth $4,328,000 after purchasing an additional 7,629 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in Kirby by 70.7% in the second quarter. Envestnet Asset Management Inc. now owns 74,875 shares of the shipping company’s stock valued at $8,965,000 after purchasing an additional 31,011 shares in the last quarter. 96.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $123.80.

Kirby Stock Up 0.7 %

KEX stock opened at $106.41 on Thursday. The firm has a 50-day moving average price of $121.39 and a 200-day moving average price of $120.23. Kirby Co. has a 12 month low of $74.88 and a 12 month high of $132.21. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $6.11 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 0.69 and a beta of 1.18.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. The business had revenue of $831.10 million during the quarter, compared to the consensus estimate of $824.42 million. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. As a group, equities research analysts anticipate that Kirby Co. will post 5.45 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard Ross Stewart sold 8,000 shares of Kirby stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the transaction, the director now owns 15,488 shares in the company, valued at approximately $1,985,716.48. The trade was a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ronald A. Dragg sold 2,313 shares of the 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 completion of the sale, the vice president now owns 7,683 shares of the company’s stock, valued at $978,045.90. The trade was a 23.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,354 shares of company stock worth $3,275,455 in the last 90 days. Insiders own 1.50% of the company’s stock.

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.