Amalgamated Bank Has $3.38 Million Stake in Kirby Co. (NYSE:KEX)

Amalgamated Bank lowered its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 17.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,632 shares of the shipping company's stock after selling 5,687 shares during the quarter. Amalgamated Bank's holdings in Kirby were worth $3,383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Americana Partners LLC boosted its holdings in shares of Kirby by 2.1% during the 3rd quarter. Americana Partners LLC now owns 4,900 shares of the shipping company's stock worth $600,000 after buying an additional 100 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Kirby by 0.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company's stock valued at $2,792,000 after acquiring an additional 108 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Kirby by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 10,369 shares of the shipping company's stock valued at $988,000 after purchasing an additional 122 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Kirby by 3.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,372 shares of the shipping company's stock valued at $523,000 after purchasing an additional 133 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 141 shares during the period. Institutional investors and hedge funds own 96.15% of the company's stock.

Insider Transactions at Kirby

In related news, VP Amy D. Husted sold 2,853 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $126.54, for a total value of $361,018.62. Following the sale, the vice president now owns 5,280 shares of the company's stock, valued at $668,131.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Ronald A. Dragg sold 2,313 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $127.30, for a total transaction of $294,444.90. Following the completion of the transaction, the vice president now owns 7,683 shares in the company, valued at $978,045.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy D. Husted sold 2,853 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 45,555 shares of company stock valued at $5,560,430. Company insiders own 1.50% of the company's stock.

Kirby Stock Performance

Kirby stock traded up $1.51 during trading hours on Friday, hitting $127.29. The stock had a trading volume of 295,920 shares, compared to its average volume of 487,514. The company has a 50-day moving average of $121.16 and a two-hundred day moving average of $119.21. 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 fifty-two week low of $72.11 and a fifty-two week high of $130.90. The company has a market cap of $7.37 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 0.75 and a beta of 1.17.

Kirby (NYSE:KEX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.08. Kirby had a return on equity of 9.49% and a net margin of 9.37%. 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 company posted $1.05 earnings per share. Kirby's revenue was up 8.7% on a year-over-year basis. On average, equities research analysts anticipate that Kirby Co. will post 5.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on KEX shares. Bank of America increased their target price on Kirby from $138.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. StockNews.com cut 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.80.

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.