Vanguard Personalized Indexing Management LLC Buys New Position in Kirby Co. (NYSE:KEX)

Vanguard Personalized Indexing Management LLC purchased a new position in shares of Kirby Co. (NYSE:KEX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,504 shares of the shipping company’s stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KEX. Credit Suisse AG grew its position in Kirby by 9.2% in the first quarter. Credit Suisse AG now owns 13,272 shares of the shipping company’s stock valued at $925,000 after purchasing an additional 1,117 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Kirby by 2.5% in the 1st quarter. Bessemer Group Inc. now owns 71,797 shares of the shipping company’s stock valued at $5,004,000 after acquiring an additional 1,770 shares in the last quarter. Keybank National Association OH increased its position in shares of Kirby by 9.4% in the first quarter. Keybank National Association OH now owns 6,958 shares of the shipping company’s stock valued at $485,000 after acquiring an additional 597 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Kirby by 0.9% during the first quarter. Principal Financial Group Inc. now owns 237,015 shares of the shipping company’s stock worth $16,520,000 after acquiring an additional 2,148 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Kirby by 105.6% during the first quarter. Tower Research Capital LLC TRC now owns 3,111 shares of the shipping company’s stock valued at $217,000 after purchasing an additional 1,598 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kirby

In related news, insider Christian G. O’neil sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $80.00, for a total value of $240,000.00. Following the transaction, the insider now owns 12,811 shares in the company, valued at approximately $1,024,880. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, VP Scott P. Miller sold 607 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $74.48, for a total value of $45,209.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christian G. O’neil sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $80.00, for a total transaction of $240,000.00. Following the transaction, the insider now directly owns 12,811 shares in the company, valued at $1,024,880. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,888 shares of company stock worth $2,352,340. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Kirby in a research note on Thursday, August 17th. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $86.75.

Kirby Price Performance

Shares of NYSE KEX opened at $82.10 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $78.39 and its two-hundred day moving average price is $73.80. The company has a market cap of $4.88 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. Kirby Co. has a twelve month low of $57.64 and a twelve month high of $83.45.

Kirby (NYSE:KEX) last posted its earnings results on Thursday, July 27th. The shipping company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Kirby had a return on equity of 5.82% and a net margin of 5.81%. The business had revenue of $777.20 million for the quarter, compared to analyst estimates of $781.18 million. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Kirby Co. will post 3.7 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.