Kirby Co. (NYSE:KEX) Shares Sold by Simmons Bank

Simmons Bank lessened its holdings in shares of Kirby Co. (NYSE:KEX) by 49.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,908 shares of the shipping company’s stock after selling 2,833 shares during the quarter. Simmons Bank’s holdings in Kirby were worth $356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Americana Partners LLC raised its stake in shares of Kirby by 2.1% during the third quarter. Americana Partners LLC now owns 4,900 shares of the shipping company’s stock valued at $600,000 after purchasing an additional 100 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Kirby by 0.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company’s stock valued at $2,792,000 after buying an additional 108 shares during the period. Janney Montgomery Scott LLC raised its position in shares of 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 lifted its stake in shares of Kirby by 3.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,372 shares of the shipping company’s stock worth $523,000 after acquiring an additional 133 shares during the period. Finally, Blue Trust Inc. boosted 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 acquiring an additional 141 shares in the last quarter. Institutional investors own 96.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on KEX. Bank of America boosted 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. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Kirby currently has an average rating of “Moderate Buy” and an average target price of $123.80.

Kirby Stock Down 1.3 %

NYSE KEX opened at $128.49 on Thursday. The company has a market capitalization of $7.44 billion, a P/E ratio of 24.66, a PEG ratio of 0.77 and a beta of 1.17. Kirby Co. has a 12 month low of $72.11 and a 12 month high of $132.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70 and a quick ratio of 1.05. The company’s 50 day simple moving average is $121.93 and its 200 day simple moving average is $119.53.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. The company had revenue of $831.10 million for the quarter, compared to analysts’ expectations of $824.42 million. Kirby had a return on equity of 9.49% and a net margin of 9.37%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. Equities research analysts expect that Kirby Co. will post 5.44 earnings per share for the current fiscal year.

Insider Activity

In related 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 transaction, the chief executive officer now owns 63,399 shares in the company, valued at $7,637,043.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kirby news, CEO David W. Grzebinski sold 26,358 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $120.46, for a total value of $3,175,084.68. Following the completion of the transaction, the chief executive officer now directly owns 63,399 shares in the company, valued at $7,637,043.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Christian G. O’neil sold 14,031 shares of Kirby stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $123.29, for a total transaction of $1,729,881.99. Following the completion of the transaction, the chief operating officer now directly owns 12,746 shares in the company, valued at approximately $1,571,454.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,596 shares of company stock valued at $7,515,760 over the last three months. Insiders own 1.50% 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.