Americana Partners LLC Purchases 100 Shares of Kirby Co. (NYSE:KEX)

Americana Partners LLC lifted its position in Kirby Co. (NYSE:KEX) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,900 shares of the shipping company’s stock after purchasing an additional 100 shares during the quarter. Americana Partners LLC’s holdings in Kirby were worth $600,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KEX. International Assets Investment Management LLC bought a new position in shares of Kirby in the second quarter worth $26,000. ORG Wealth Partners LLC purchased a new position in Kirby in the third quarter worth $30,000. ORG Partners LLC purchased a new position in Kirby in the second quarter worth $32,000. Opal Wealth Advisors LLC purchased a new position in Kirby in the second quarter worth $33,000. Finally, Blue Trust Inc. grew 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 acquiring an additional 141 shares in the last quarter. Institutional investors own 96.15% of the company’s stock.

Insider Transactions at Kirby

In other news, VP Amy D. Husted sold 2,853 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 5,280 shares in the company, valued at approximately $668,131.20. This represents 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 this hyperlink. In other Kirby news, CEO David W. Grzebinski sold 26,358 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 owns 63,399 shares of the company’s stock, valued at approximately $7,637,043.54. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the vice president now directly owns 5,280 shares of the company’s stock, valued at $668,131.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,012 shares of company stock worth $5,571,267. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Bank of America upped their target price on shares of Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.80.

Kirby Stock Performance

NYSE KEX opened at $114.30 on Friday. The company has a 50-day simple moving average of $120.75 and a two-hundred day simple moving average of $118.06. 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 12-month low of $72.11 and a 12-month high of $130.90. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 0.71 and a beta of 1.17.

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. Kirby had a net margin of 9.37% and a return on equity of 9.49%. The business had revenue of $831.10 million during the quarter, compared to analyst estimates of $824.42 million. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Kirby Co. will post 5.46 EPS for the current year.

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.