6,100 Shares in Kirby Corporation $KEX Bought by Bailard Inc.

Bailard Inc. acquired a new position in Kirby Corporation (NYSE:KEX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,100 shares of the shipping company’s stock, valued at approximately $692,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Kirby by 244.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231 shares of the shipping company’s stock worth $26,000 after purchasing an additional 164 shares in the last quarter. Maseco LLP acquired a new stake in Kirby during the 2nd quarter valued at $28,000. IFP Advisors Inc purchased a new position in Kirby during the second quarter worth $29,000. Brooklyn Investment Group raised its holdings in shares of Kirby by 40.7% in the first quarter. Brooklyn Investment Group now owns 394 shares of the shipping company’s stock worth $40,000 after acquiring an additional 114 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Kirby by 49.4% in the second quarter. Parallel Advisors LLC now owns 366 shares of the shipping company’s stock valued at $42,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Kirby Price Performance

Shares of Kirby stock opened at $108.53 on Friday. The business’s fifty day moving average price is $90.39 and its 200 day moving average price is $101.63. Kirby Corporation has a twelve month low of $79.51 and a twelve month high of $132.21. The company has a current ratio of 1.74, a quick ratio of 1.12 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $5.88 billion, a P/E ratio of 20.14, a PEG ratio of 1.05 and a beta of 1.05.

Kirby (NYSE:KEX) last released its quarterly earnings data on Wednesday, October 29th. The shipping company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. Kirby had a return on equity of 10.06% and a net margin of 9.22%.The company had revenue of $871.16 million for the quarter, compared to the consensus estimate of $843.29 million. During the same period last year, the business posted $1.55 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that Kirby Corporation will post 6.57 earnings per share for the current year.

Insider Activity at Kirby

In other news, Director Richard Ross Stewart sold 1,923 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $107.83, for a total value of $207,357.09. Following the transaction, the director owned 15,488 shares of the company’s stock, valued at approximately $1,670,071.04. This trade represents a 11.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ronald A. Dragg sold 2,715 shares of Kirby stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $110.29, for a total transaction of $299,437.35. Following the transaction, the vice president owned 10,325 shares in the company, valued at $1,138,744.25. The trade was a 20.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

KEX has been the subject of a number of recent research reports. Citigroup upgraded Kirby from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $128.00 in a research report on Wednesday, November 5th. BTIG Research reiterated a “buy” rating and set a $125.00 price target on shares of Kirby in a report on Thursday, September 18th. Bank of America cut their price objective on shares of Kirby from $110.00 to $107.00 and set a “buy” rating for the company in a research report on Wednesday, September 3rd. Wall Street Zen upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research raised shares of Kirby from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kirby has a consensus rating of “Moderate Buy” and an average target price of $123.40.

Kirby Company 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.