Tidal Investments LLC Has $1.20 Million Stock Holdings in Kirby Co. (NYSE:KEX)

Tidal Investments LLC reduced its holdings in Kirby Co. (NYSE:KEX - Free Report) by 57.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,808 shares of the shipping company's stock after selling 13,231 shares during the period. Tidal Investments LLC's holdings in Kirby were worth $1,201,000 as of its most recent SEC filing.

Other large 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 third 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 during the period. International Assets Investment Management LLC bought a new stake in shares of Kirby in the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Kirby during the 3rd quarter worth approximately $30,000. Blue Trust Inc. increased its position in shares of Kirby by 91.0% during the second quarter. Blue Trust Inc. now owns 296 shares of the shipping company's stock valued at $35,000 after purchasing an additional 141 shares during the period. Finally, Mark Sheptoff Financial Planning LLC acquired a new position in shares of Kirby in the second quarter valued at $37,000. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Kirby from a "buy" rating to a "hold" rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.80.

Kirby Price Performance

Shares of NYSE KEX traded up $0.74 during midday trading on Thursday, reaching $106.37. 871,341 shares of the company traded hands, compared to its average volume of 462,510. The firm has a market cap of $6.11 billion, a PE ratio of 20.42, a PEG ratio of 0.70 and a beta of 1.18. Kirby Co. has a 12 month low of $74.88 and a 12 month high of $132.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. The stock's 50-day simple moving average is $122.76 and its 200-day simple moving average is $120.61.

Kirby (NYSE:KEX - Get Free Report) last posted its 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 analysts' expectations of $824.42 million. Kirby had a net margin of 9.37% and a return on equity of 9.43%. Kirby's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. As a group, equities analysts anticipate that Kirby Co. will post 5.45 earnings per share for the current fiscal 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 completion of the sale, the vice president now owns 7,683 shares of the company's stock, valued at $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 is available at the SEC website. Also, COO Christian G. O'neil sold 15,041 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total value of $1,955,330.00. Following the transaction, the chief operating officer now directly owns 7,746 shares in the company, valued at approximately $1,006,980. This represents a 66.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,354 shares of company stock worth $3,275,455. Insiders own 1.50% of the company's stock.

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.