Quadrature Capital Ltd Sells 17,614 Shares of Kirby Co. (NYSE:KEX)

Quadrature Capital Ltd lowered its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 61.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,052 shares of the shipping company's stock after selling 17,614 shares during the quarter. Quadrature Capital Ltd's holdings in Kirby were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. 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 period. International Assets Investment Management LLC purchased a new position in Kirby during the second quarter valued at $26,000. ORG Wealth Partners LLC bought a new stake in shares of Kirby during the 3rd quarter valued at $30,000. ORG Partners LLC purchased a new stake in shares of Kirby in the 2nd quarter worth about $32,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Kirby in the 2nd quarter worth about $33,000. 96.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $123.80.

Kirby Stock Down 0.9 %

KEX stock traded down $1.11 during trading on Friday, hitting $119.01. 384,210 shares of the stock traded hands, compared to its average volume of 401,846. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 0.71 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 1.05. Kirby Co. has a 1 year low of $72.11 and a 1 year high of $132.21. The firm's 50 day moving average is $123.91 and its two-hundred day moving average is $121.02.

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 analysts' consensus estimates of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The firm had revenue of $831.10 million for the quarter, compared to analysts' expectations of $824.42 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The business's revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Kirby Co. will post 5.45 EPS for the current year.

Insider Transactions at Kirby

In related news, VP Ronald A. Dragg sold 2,313 shares of the firm'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 sale, the vice president now owns 7,683 shares in the company, valued at approximately $978,045.90. This trade represents a 23.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of Kirby stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the completion of the sale, the director now directly owns 15,488 shares of the company's stock, valued at approximately $1,985,716.48. This trade represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,596 shares of company stock worth $8,541,440 over the last quarter. 1.50% of the stock is currently 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.