Kirby Co. (NYSE:KEX) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its stake in Kirby Co. (NYSE:KEXFree Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,847 shares of the shipping company’s stock after acquiring an additional 124 shares during the period. Orion Portfolio Solutions LLC’s holdings in Kirby were worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Treasurer of the State of North Carolina boosted its stake in Kirby by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,157 shares of the shipping company’s stock valued at $2,166,000 after acquiring an additional 130 shares in the last quarter. Swiss National Bank boosted its stake in shares of Kirby by 0.9% during the third quarter. Swiss National Bank now owns 32,957 shares of the shipping company’s stock worth $2,729,000 after buying an additional 300 shares during the period. Keybank National Association OH boosted its stake in shares of Kirby by 3.8% during the third quarter. Keybank National Association OH now owns 8,565 shares of the shipping company’s stock worth $709,000 after buying an additional 313 shares during the period. Keene & Associates Inc. boosted its stake in shares of Kirby by 6.0% during the fourth quarter. Keene & Associates Inc. now owns 5,553 shares of the shipping company’s stock worth $436,000 after buying an additional 315 shares during the period. Finally, Chase Investment Counsel Corp boosted its stake in shares of Kirby by 1.6% during the third quarter. Chase Investment Counsel Corp now owns 23,349 shares of the shipping company’s stock worth $1,933,000 after buying an additional 361 shares during the period. Institutional investors and hedge funds own 96.15% of the company’s stock.

Insider Activity at Kirby

In other Kirby news, VP Scott P. Miller sold 487 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $99.78, for a total value of $48,592.86. Following the completion of the transaction, the vice president now directly owns 1,000 shares of the company’s stock, valued at $99,780. The sale was disclosed in a filing with the SEC, which is available at this link. In other Kirby news, VP Scott P. Miller sold 487 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $99.78, for a total value of $48,592.86. Following the completion of the transaction, the vice president now directly owns 1,000 shares of the company’s stock, valued at $99,780. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Amy D. Husted sold 7,853 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $122.50, for a total transaction of $961,992.50. Following the completion of the transaction, the vice president now directly owns 5,280 shares of the company’s stock, valued at $646,800. The disclosure for this sale can be found here. Insiders sold a total of 43,332 shares of company stock worth $4,723,193 over the last 90 days. Company insiders own 1.50% of the company’s stock.

Kirby Price Performance

Shares of NYSE:KEX opened at $124.17 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.33. The company has a market cap of $7.27 billion, a P/E ratio of 29.35, a PEG ratio of 0.83 and a beta of 1.14. Kirby Co. has a 52 week low of $71.21 and a 52 week high of $124.21. The company has a 50-day moving average price of $107.44 and a 200 day moving average price of $90.42.

Kirby (NYSE:KEXGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The shipping company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.22. The firm had revenue of $808.00 million during the quarter, compared to the consensus estimate of $784.49 million. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 earnings per share. Research analysts predict that Kirby Co. will post 5.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KEX. Wolfe Research began coverage on shares of Kirby in a research note on Monday, April 22nd. They set an “outperform” rating and a $126.00 target price for the company. BTIG Research increased their target price on shares of Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Stifel Nicolaus increased their target price on shares of Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Stephens reiterated an “overweight” rating and set a $105.00 target price on shares of Kirby in a research note on Monday, February 5th. Finally, StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $119.50.

View Our Latest Stock Analysis on Kirby

About Kirby

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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