Robeco Institutional Asset Management B.V. Takes $871,000 Position in Kirby Co. (NYSE:KEX)

Robeco Institutional Asset Management B.V. purchased a new stake in shares of Kirby Co. (NYSE:KEX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,113 shares of the shipping company's stock, valued at approximately $871,000.

A number of other institutional investors have also modified their holdings of KEX. Farther Finance Advisors LLC increased its position in Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock valued at $25,000 after buying an additional 168 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Kirby in the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC purchased a new stake in Kirby during the 3rd quarter worth approximately $30,000. ORG Partners LLC acquired a new position in Kirby during the 2nd quarter valued at approximately $32,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Kirby in the second quarter worth $33,000. 96.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Kirby news, VP Amy D. Husted sold 2,853 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $126.54, for a total value of $361,018.62. Following the completion of the transaction, the vice president now owns 5,280 shares in the company, valued at approximately $668,131.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Kirby news, VP Amy D. Husted sold 2,853 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ronald A. Dragg sold 2,313 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $127.30, for a total value of $294,444.90. Following the transaction, the vice president now directly owns 7,683 shares of the company's stock, valued at approximately $978,045.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,555 shares of company stock valued at $5,560,430. Corporate insiders own 1.50% of the company's stock.

Kirby Stock Performance

Shares of NYSE KEX traded up $3.18 during trading on Monday, reaching $130.47. 512,744 shares of the company traded hands, compared to its average volume of 458,379. Kirby Co. has a 12-month low of $72.11 and a 12-month high of $132.04. 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 stock has a market cap of $7.55 billion, a P/E ratio of 25.07, a PEG ratio of 0.75 and a beta of 1.17. The firm's fifty day simple moving average is $121.16 and its 200 day simple moving average is $119.21.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.08. The company had revenue of $831.10 million during the quarter, compared to the consensus estimate of $824.42 million. Kirby had a return on equity of 9.49% and a net margin of 9.37%. Kirby's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, research analysts anticipate that Kirby Co. will post 5.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KEX has been the subject of a number of research analyst reports. Bank of America raised their target price on Kirby from $138.00 to $141.00 and gave the stock a "buy" rating in a research note 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.80.

About Kirby

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.