North Star Investment Management Corp. Has $5.91 Million Position in Kirby Co. (NYSE:KEX)

North Star Investment Management Corp. decreased its stake in Kirby Co. (NYSE:KEX) by 4.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,291 shares of the shipping company’s stock after selling 2,000 shares during the period. North Star Investment Management Corp. owned approximately 0.08% of Kirby worth $5,912,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of KEX. Americana Partners LLC lifted its holdings in shares of Kirby by 2.1% during the 3rd quarter. Americana Partners LLC now owns 4,900 shares of the shipping company’s stock worth $600,000 after acquiring an additional 100 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Kirby by 0.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company’s stock worth $2,792,000 after acquiring an additional 108 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Kirby by 1.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,369 shares of the shipping company’s stock worth $988,000 after buying an additional 122 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Kirby by 3.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,372 shares of the shipping company’s stock valued at $523,000 after acquiring an additional 133 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Kirby by 91.0% in the second quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock worth $35,000 after purchasing an additional 141 shares during the period. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on KEX shares. Bank of America raised their price objective on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. One 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Kirby Stock Up 1.2 %

NYSE KEX traded up $1.33 during trading hours on Tuesday, hitting $116.66. 41,056 shares of the company traded hands, compared to its average volume of 456,614. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $130.90. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 0.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.70. The business’s 50-day moving average is $120.71 and its 200-day moving average is $118.52.

Kirby (NYSE:KEX) last posted its earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Kirby had a return on equity of 9.49% and a net margin of 9.37%. The business had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. During the same period in the previous year, the firm earned $1.05 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Kirby Co. will post 5.43 earnings per share for the current year.

Insider Activity at Kirby

In other news, VP Amy D. Husted sold 2,853 shares of the stock in a transaction on 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 directly owns 5,280 shares of the company’s stock, valued at approximately $668,131.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO David W. Grzebinski sold 26,358 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $7,637,043.54. The trade was 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 the SEC website. Also, VP Amy D. Husted sold 2,853 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 5,280 shares of the company’s stock, valued at approximately $668,131.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,242 shares of company stock worth $5,265,985. Corporate insiders own 1.40% 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.