Charles Schwab Investment Management Inc. Has $85.59 Million Holdings in Kirby Co. (NYSE:KEX)

Charles Schwab Investment Management Inc. grew its holdings in Kirby Co. (NYSE:KEX - Free Report) by 27.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 699,052 shares of the shipping company's stock after acquiring an additional 152,146 shares during the period. Charles Schwab Investment Management Inc. owned 1.21% of Kirby worth $85,585,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KEX. Quest Partners LLC grew its stake in shares of Kirby by 0.7% in the third quarter. Quest Partners LLC now owns 12,462 shares of the shipping company's stock worth $1,526,000 after acquiring an additional 89 shares during the last quarter. Americana Partners LLC increased 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 purchasing an additional 100 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of 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 buying an additional 108 shares during the last quarter. Huntington National Bank raised its position in shares of Kirby by 8.5% during the third quarter. Huntington National Bank now owns 1,668 shares of the shipping company's stock valued at $204,000 after buying an additional 130 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake 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 buying an additional 133 shares during the period. Institutional investors and hedge funds own 96.15% of the company's stock.

Insider Activity at Kirby

In related news, COO Christian G. O'neil sold 15,041 shares of Kirby stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the completion of the sale, the chief operating officer now owns 7,746 shares of the company's stock, valued at approximately $1,006,980. The trade was a 66.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Ronald A. Dragg sold 2,313 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $127.30, for a total value of $294,444.90. Following the completion of the transaction, the vice president now directly owns 7,683 shares in the company, valued at $978,045.90. The trade was a 23.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,596 shares of company stock valued at $8,541,440. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut Kirby from a "buy" rating to a "hold" rating in a report on Sunday, September 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Kirby presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.80.

Kirby Trading Down 2.6 %

KEX traded down $3.43 during trading on Thursday, reaching $126.36. 422,525 shares of the company's stock were exchanged, compared to its average volume of 455,888. The firm has a market capitalization of $7.25 billion, a PE ratio of 24.25, a P/E/G ratio of 0.77 and a beta of 1.17. Kirby Co. has a fifty-two week low of $72.11 and a fifty-two week high of $132.21. The company's fifty day moving average price is $124.12 and its 200-day moving average price is $120.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67.

Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The firm had revenue of $831.10 million for the quarter, compared to the consensus estimate of $824.42 million. During the same quarter last year, the business posted $1.05 EPS. The company's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts forecast that Kirby Co. will post 5.45 EPS for the current 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.