Kirby Co. (NYSE:KEX) Holdings Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its stake in shares of Kirby Co. (NYSE:KEX) by 3.1% in the 2nd quarter, Holdings Channel reports. The firm owned 4,372 shares of the shipping company’s stock after acquiring an additional 133 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Kirby were worth $523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in Kirby during the 2nd quarter valued at about $26,000. ORG Partners LLC acquired a new position in shares of Kirby during the second quarter worth approximately $32,000. Opal Wealth Advisors LLC bought a new position in Kirby in the 2nd quarter worth approximately $33,000. Blue Trust Inc. increased its position in Kirby by 91.0% in the 2nd quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock valued at $35,000 after acquiring an additional 141 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in Kirby by 56.1% during the 1st quarter. 1832 Asset Management L.P. now owns 398 shares of the shipping company’s stock valued at $38,000 after acquiring an additional 143 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kirby

In other Kirby news, VP Amy D. Husted sold 2,853 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $126.54, for a total transaction of $361,018.62. Following the sale, the vice president now owns 5,280 shares in the company, valued at approximately $668,131.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO David W. Grzebinski sold 26,358 shares of the 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 completion of the sale, the chief executive officer now owns 63,399 shares in the company, valued at $7,637,043.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 approximately $668,131.20. The disclosure for this sale can be found here. Insiders sold 46,012 shares of company stock worth $5,571,267 in the last quarter. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Bank of America upped their price objective on shares of Kirby from $138.00 to $141.00 and gave the stock 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 report on Sunday, September 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

Kirby Stock Down 0.5 %

NYSE KEX opened at $122.82 on Friday. Kirby Co. has a 12 month low of $72.11 and a 12 month high of $130.90. The company has a market capitalization of $7.19 billion, a P/E ratio of 29.04, a PEG ratio of 0.77 and a beta of 1.17. The company’s 50 day simple moving average is $118.43 and its 200 day simple moving average is $113.00. 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 announced its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The company had revenue of $824.40 million during 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 company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. Equities research analysts expect that Kirby Co. will post 5.46 earnings per share for the current fiscal year.

About Kirby

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.