Kirby Co. (NYSE:KEX) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in Kirby Co. (NYSE:KEX) by 4.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 709,182 shares of the shipping company’s stock after selling 33,409 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.21% of Kirby worth $84,910,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Park West Asset Management LLC acquired a new position in shares of Kirby in the fourth quarter worth $61,824,000. Norges Bank acquired a new position in Kirby during the 4th quarter worth $51,781,000. Lord Abbett & CO. LLC purchased a new stake in Kirby during the 1st quarter worth about $22,877,000. Vaughan Nelson Investment Management L.P. raised its position in Kirby by 21.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 896,257 shares of the shipping company’s stock valued at $85,432,000 after purchasing an additional 157,880 shares in the last quarter. Finally, F M Investments LLC purchased a new position in shares of Kirby in the 2nd quarter valued at about $14,185,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Kirby

In other Kirby news, VP Amy D. Husted sold 2,853 shares of the firm’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 transaction, the vice president now owns 5,280 shares of the company’s stock, valued at $668,131.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kirby news, COO Christian G. O’neil sold 2,770 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $110.21, for a total value of $305,281.70. Following the completion of the sale, the chief operating officer now owns 16,079 shares in the company, valued at $1,772,066.59. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Amy D. Husted sold 2,853 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 5,280 shares of the company’s stock, valued at $668,131.20. The disclosure for this sale can be found here. Insiders sold a total of 49,012 shares of company stock valued at $5,932,197 over the last ninety days. Insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on KEX shares. StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research note on Sunday. Bank of America increased their price objective on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Kirby Price Performance

Shares of NYSE KEX opened at $124.50 on Friday. The stock’s 50-day simple moving average is $118.51 and its 200-day simple moving average is $112.18. The firm has a market capitalization of $7.29 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. Kirby Co. has a fifty-two week low of $72.11 and a fifty-two week 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.

Kirby (NYSE:KEX) last released its quarterly earnings data 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 net margin of 8.72% and a return on equity of 8.70%. The company had revenue of $824.40 million for the quarter, compared to analysts’ expectations of $821.65 million. During the same quarter last year, the company earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Kirby Co. will post 5.46 EPS for the current fiscal 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.