Samlyn Capital LLC Purchases 23,086 Shares of Kirby Co. (NYSE:KEX)

Samlyn Capital LLC grew its position in shares of Kirby Co. (NYSE:KEX) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,752 shares of the shipping company’s stock after buying an additional 23,086 shares during the quarter. Samlyn Capital LLC’s holdings in Kirby were worth $38,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group lifted its holdings in shares of Kirby by 12.2% during the 4th quarter. Schroder Investment Management Group now owns 630,360 shares of the shipping company’s stock valued at $49,471,000 after buying an additional 68,420 shares during the period. Scout Investments Inc. raised its holdings in Kirby by 66.5% in the 1st quarter. Scout Investments Inc. now owns 108,814 shares of the shipping company’s stock worth $10,299,000 after purchasing an additional 43,465 shares during the period. Quadrature Capital Ltd raised its holdings in Kirby by 166.6% in the 4th quarter. Quadrature Capital Ltd now owns 10,934 shares of the shipping company’s stock worth $859,000 after purchasing an additional 6,832 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings 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 worth $85,432,000 after purchasing an additional 157,880 shares during the period. Finally, Sei Investments Co. raised its holdings in Kirby by 32.4% in the 1st quarter. Sei Investments Co. now owns 66,833 shares of the shipping company’s stock worth $6,371,000 after purchasing an additional 16,373 shares during the period. 96.15% of the stock is owned by institutional investors.

Kirby Trading Up 0.1 %

Shares of Kirby stock opened at $124.58 on Tuesday. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 0.71 and a beta of 1.17. The business has a 50-day moving average price of $118.53 and a 200-day moving average price of $112.60. 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 Co. has a twelve month low of $72.11 and a twelve month high of $130.90.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The firm had revenue of $824.40 million during the quarter, compared to analyst estimates of $821.65 million. Kirby had a return on equity of 8.70% and a net margin of 8.72%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. Equities research analysts anticipate that Kirby Co. will post 5.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO David W. Grzebinski sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $120.31, for a total transaction of $360,930.00. Following the completion of the transaction, the chief executive officer now owns 63,399 shares in the company, valued at $7,627,533.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kirby news, CEO David W. Grzebinski sold 26,358 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $120.46, for a total transaction of $3,175,084.68. Following the sale, the chief executive officer now directly owns 63,399 shares of the company’s stock, valued at $7,637,043.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Grzebinski sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $120.31, for a total value of $360,930.00. Following the sale, the chief executive officer now directly owns 63,399 shares in the company, valued at $7,627,533.69. The disclosure for this sale can be found here. Insiders sold a total of 49,012 shares of company stock worth $5,932,197 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KEX. StockNews.com cut Kirby from a “buy” rating to a “hold” rating in a report on Sunday. Bank of America raised their target price on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.80.

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.