Chase Investment Counsel Corp Has $3.80 Million Holdings in Kirby Co. (NYSE:KEX)

Chase Investment Counsel Corp lessened its position in Kirby Co. (NYSE:KEX - Free Report) by 28.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,058 shares of the shipping company's stock after selling 12,070 shares during the period. Chase Investment Counsel Corp owned approximately 0.05% of Kirby worth $3,802,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KEX. Farther Finance Advisors LLC lifted its holdings in Kirby by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock valued at $25,000 after acquiring an additional 168 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Kirby during the second quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new position in Kirby in the third quarter worth approximately $30,000. ORG Partners LLC bought a new position in shares of Kirby in the second quarter valued at $32,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Kirby during the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 96.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, VP Amy D. Husted sold 2,853 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total transaction of $361,018.62. Following the transaction, the vice president now owns 5,280 shares of the company's stock, valued at approximately $668,131.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Christian G. O'neil sold 14,031 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $123.29, for a total value of $1,729,881.99. Following the completion of the sale, the chief operating officer now directly owns 12,746 shares in the company, valued at approximately $1,571,454.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Amy D. Husted sold 2,853 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total transaction of $361,018.62. Following the completion of the transaction, the vice president now owns 5,280 shares in the company, valued at $668,131.20. The trade was 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 in the last three months. 1.50% of the stock is owned by insiders.

Kirby Stock Down 1.0 %

NYSE:KEX traded down $1.27 during trading hours on Wednesday, hitting $128.91. 203,597 shares of the company's stock traded hands, compared to its average volume of 457,408. The stock's fifty day moving average price is $121.37 and its two-hundred day moving average price is $119.34. The firm has a market cap of $7.46 billion, a P/E ratio of 24.88, a P/E/G ratio of 0.77 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.70. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $132.04.

Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $831.10 million for the quarter, compared to analysts' expectations of $824.42 million. During the same period in the previous year, the company posted $1.05 EPS. Kirby's revenue was up 8.7% on a year-over-year basis. On average, research analysts expect that Kirby Co. will post 5.44 earnings per share for the current fiscal year.

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.