Van ECK Associates Corp Has $25.29 Million Holdings in Kirby Co. (NYSE:KEX)

Van ECK Associates Corp lowered its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 44.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,610 shares of the shipping company's stock after selling 162,820 shares during the period. Van ECK Associates Corp owned about 0.35% of Kirby worth $25,293,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 168 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Kirby in the 2nd quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Kirby in the 3rd quarter valued at $30,000. ORG Partners LLC acquired a new stake in shares of Kirby in the 2nd quarter valued at $32,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Kirby in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 96.15% of the company's stock.

Kirby Stock Performance

KEX traded up $1.78 during trading on Tuesday, hitting $117.11. The stock had a trading volume of 310,942 shares, compared to its average volume of 457,875. The firm has a market cap of $6.78 billion, a PE ratio of 22.48, a P/E/G ratio of 0.68 and a beta of 1.17. Kirby Co. has a 12 month low of $72.11 and a 12 month high of $130.90. The company has a current ratio of 1.70, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $120.69 and a 200-day simple moving average of $118.67.

Kirby (NYSE:KEX - Get Free Report) last announced its earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, topping 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 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 firm posted $1.05 EPS. The business's quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that Kirby Co. will post 5.43 EPS for the current year.

Insider Transactions at Kirby

In other news, VP Amy D. Husted sold 2,853 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $668,131.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, COO Christian G. O'neil sold 14,031 shares of Kirby stock in a transaction dated 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 directly owns 12,746 shares in the company, valued at approximately $1,571,454.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Amy D. Husted sold 2,853 shares of Kirby stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $126.54, for a total transaction of $361,018.62. Following the sale, the vice president now owns 5,280 shares in the company, valued at approximately $668,131.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,242 shares of company stock worth $5,265,985. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KEX has been the subject of several analyst reports. StockNews.com lowered shares of Kirby from a "buy" rating to a "hold" rating in a research note on Sunday, September 22nd. Bank of America lifted their price objective on shares of Kirby from $138.00 to $141.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kirby has an average rating of "Moderate Buy" and an average target price 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.