Kirby Co. (NYSE:KEX) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of Kirby Co. (NYSE:KEX) by 68.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,152 shares of the shipping company’s stock after acquiring an additional 3,317 shares during the period. Cerity Partners LLC’s holdings in Kirby were worth $998,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Kirby by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,585 shares of the shipping company’s stock valued at $2,916,000 after purchasing an additional 1,806 shares during the period. Tidal Investments LLC purchased a new stake in shares of Kirby during the 1st quarter worth about $755,000. GAMMA Investing LLC increased its stake in shares of Kirby by 253.8% in the 2nd quarter. GAMMA Investing LLC now owns 375 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 269 shares in the last quarter. CWM LLC raised its holdings in Kirby by 343.1% in the 2nd quarter. CWM LLC now owns 1,214 shares of the shipping company’s stock worth $145,000 after purchasing an additional 940 shares during the period. Finally, Simplicity Wealth LLC grew its holdings in Kirby by 6.5% in the second quarter. Simplicity Wealth LLC now owns 6,086 shares of the shipping company’s stock valued at $729,000 after purchasing an additional 372 shares during the period. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Kirby Stock Down 2.0 %

Shares of KEX opened at $120.95 on Thursday. The stock has a 50 day moving average price of $124.09 and a 200 day moving average price of $121.02. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 0.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. Kirby Co. has a one year low of $72.11 and a one year high of $132.21.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The firm had revenue of $831.10 million during the quarter, compared to analysts’ expectations of $824.42 million. During the same quarter last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts forecast that Kirby Co. will post 5.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Kirby

In related news, CEO David W. Grzebinski sold 26,358 shares of the firm’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 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 29.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Christian G. O’neil sold 15,041 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the completion of the transaction, the chief operating officer now directly owns 7,746 shares of the company’s stock, valued at approximately $1,006,980. The trade was a 66.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,596 shares of company stock worth $8,541,440 in the last ninety days. 1.40% of the stock is owned by insiders.

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.