Atria Investments Inc Purchases 7,629 Shares of Kirby Co. (NYSE:KEX)

Atria Investments Inc raised its holdings in Kirby Co. (NYSE:KEX - Free Report) by 27.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,353 shares of the shipping company's stock after buying an additional 7,629 shares during the period. Atria Investments Inc owned about 0.06% of Kirby worth $4,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in shares of Kirby during the third quarter valued at about $52,000. Asset Management One Co. Ltd. lifted its position in shares of Kirby by 7.5% during the third quarter. Asset Management One Co. Ltd. now owns 23,855 shares of the shipping company's stock valued at $2,921,000 after purchasing an additional 1,672 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Kirby during the third quarter valued at about $217,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Kirby during the third quarter valued at about $871,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock valued at $25,000 after purchasing an additional 168 shares in the last quarter. 96.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KEX. Bank of America raised their price objective on shares of Kirby from $138.00 to $141.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. StockNews.com downgraded shares of Kirby from a "buy" rating to a "hold" rating in a research note on Sunday, September 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.80.

Kirby Price Performance

NYSE:KEX traded down $1.70 during mid-day trading on Wednesday, hitting $128.48. 381,924 shares of the stock traded hands, compared to its average volume of 458,219. The business's 50-day moving average price is $121.37 and its 200 day moving average price is $119.34. The company has a market cap of $7.44 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.17. Kirby Co. has a 12-month low of $72.11 and a 12-month high of $132.04. 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 (NYSE:KEX - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 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 company had revenue of $831.10 million during the quarter, compared to analysts' expectations of $824.42 million. During the same quarter in the previous year, the company earned $1.05 earnings per share. Kirby's revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect that Kirby Co. will post 5.44 EPS for the current fiscal year.

Insider Buying and Selling at Kirby

In other news, CEO David W. Grzebinski sold 26,358 shares of the business'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 value of $3,175,084.68. Following the completion of the sale, the chief executive officer now directly owns 63,399 shares in the company, valued at approximately $7,637,043.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO David W. Grzebinski sold 26,358 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 63,399 shares in the company, valued at $7,637,043.54. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Christian G. O'neil sold 14,031 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $123.29, for a total transaction of $1,729,881.99. Following the sale, the chief operating officer now owns 12,746 shares of the company's stock, valued at $1,571,454.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,596 shares of company stock worth $7,515,760 over the last three months. 1.50% of the stock is owned by insiders.

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.