Kirby Co. (NYSE:KEX) Shares Sold by Algert Global LLC

Algert Global LLC decreased its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,749 shares of the shipping company's stock after selling 6,235 shares during the quarter. Algert Global LLC owned about 0.12% of Kirby worth $8,351,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Kirby in the second quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in shares of Kirby in the 2nd quarter valued at $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Kirby in the second quarter worth $33,000. Blue Trust Inc. raised its holdings in shares of Kirby by 91.0% during 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 last quarter. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Kirby during the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 96.15% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KEX. StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a report on Sunday, September 22nd. Bank of America lifted their target price on shares of Kirby from $138.00 to $141.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.80.

Insider Activity

In other news, COO Christian G. O'neil sold 2,770 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $110.21, for a total value of $305,281.70. Following the completion of the sale, the chief operating officer now owns 16,079 shares of the company's stock, valued at approximately $1,772,066.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Kirby news, COO Christian G. O'neil sold 2,770 shares of Kirby stock in a transaction on Monday, August 5th. The stock was sold at an average price of $110.21, for a total value of $305,281.70. Following the sale, the chief operating officer now owns 16,079 shares in the company, valued at $1,772,066.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy D. Husted sold 2,853 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $126.54, for a total value of $361,018.62. Following the transaction, the vice president now owns 5,280 shares of the company's stock, valued at $668,131.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,012 shares of company stock valued at $5,571,267. 1.50% of the stock is currently owned by insiders.

Kirby Price Performance

NYSE KEX traded up $2.50 during trading hours on Friday, hitting $125.33. 419,585 shares of the company's stock traded hands, compared to its average volume of 461,500. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70 and a quick ratio of 1.05. The firm's 50-day moving average is $118.48 and its 200-day moving average is $113.45. Kirby Co. has a 52-week low of $72.11 and a 52-week high of $130.90. The company has a market capitalization of $7.33 billion, a PE ratio of 29.63, a PEG ratio of 0.77 and a beta of 1.17.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.43 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.11. The firm had revenue of $824.40 million for the quarter, compared to the consensus estimate of $821.65 million. Kirby had a return on equity of 8.70% and a net margin of 8.72%. The firm's revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. Equities analysts forecast that Kirby Co. will post 5.46 EPS 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.