180,563 Shares in Kirby Co. (NYSE:KEX) Acquired by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new stake in Kirby Co. (NYSE:KEX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 180,563 shares of the shipping company’s stock, valued at approximately $22,106,000. Artemis Investment Management LLP owned approximately 0.31% of Kirby at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Kirby in the second quarter valued at $26,000. ORG Partners LLC purchased a new position in Kirby during the 2nd quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new position in Kirby during the second quarter worth about $33,000. Blue Trust Inc. lifted 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 in the last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Kirby in the second quarter valued at approximately $37,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Amy D. Husted sold 2,853 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $126.54, for a total transaction of $361,018.62. Following the completion of the transaction, the vice president now owns 5,280 shares of the company’s stock, valued at $668,131.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Kirby news, CEO David W. Grzebinski sold 26,358 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $120.46, for a total transaction of $3,175,084.68. Following the transaction, the chief executive officer now owns 63,399 shares of the company’s stock, valued at $7,637,043.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Amy D. Husted sold 2,853 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total transaction of $361,018.62. Following the sale, the vice president now directly owns 5,280 shares of the company’s stock, valued at $668,131.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,012 shares of company stock worth $5,571,267. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Kirby Stock Performance

NYSE:KEX opened at $120.38 on Wednesday. Kirby Co. has a 1-year low of $72.11 and a 1-year high of $130.90. The firm has a 50 day simple moving average of $118.59 and a 200-day simple moving average of $115.20. The firm has a market cap of $7.04 billion, a PE ratio of 28.46, a P/E/G ratio of 0.77 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70 and a quick ratio of 1.05.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.43 earnings per share 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 analyst estimates of $821.65 million. During the same quarter in the prior year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Kirby Co. will post 5.46 EPS for the current year.

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.