Kirby Co. (NYSE:KEX) Shares Purchased by Huntington National Bank

Huntington National Bank grew its holdings in Kirby Co. (NYSE:KEX) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,668 shares of the shipping company’s stock after acquiring an additional 130 shares during the period. Huntington National Bank’s holdings in Kirby were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of KEX. Farther Finance Advisors LLC boosted 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 buying an additional 168 shares during the period. International Assets Investment Management LLC purchased a new position in Kirby in the second quarter valued at $26,000. ORG Wealth Partners LLC acquired a new stake in Kirby in the third quarter valued at $30,000. ORG Partners LLC purchased a new stake in Kirby during the 2nd quarter worth about $32,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Kirby in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Price Performance

KEX stock opened at $128.04 on Monday. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $132.04. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $7.35 billion, a P/E ratio of 24.58, a PEG ratio of 0.76 and a beta of 1.17. The business has a 50 day simple moving average of $122.45 and a 200-day simple moving average of $119.81.

Kirby (NYSE:KEX) last released its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. The firm had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. As a group, equities analysts anticipate that Kirby Co. will post 5.45 EPS for the current year.

Insider Activity

In other news, VP Ronald A. Dragg sold 2,313 shares of the firm’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 completion of the sale, the vice president now directly owns 7,683 shares of the company’s stock, valued at $978,045.90. This trade represents a 23.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christian G. O’neil sold 15,041 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total value of $1,955,330.00. Following the completion of the sale, the chief operating officer now directly owns 7,746 shares of the company’s stock, valued at approximately $1,006,980. This trade represents a 66.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,596 shares of company stock valued at $7,515,760. Company insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on KEX. Bank of America raised their price objective on shares of Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently 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.