Kirby Co. (NYSE:KEX) is Pullen Investment Management LLC’s 7th Largest Position

by · The Markets Daily

Pullen Investment Management LLC increased its stake in Kirby Co. (NYSE:KEX – Free Report) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,294 shares of the shipping company’s stock after buying an additional 1,888 shares during the period. Kirby accounts for about 2.3% of Pullen Investment Management LLC’s portfolio, making the stock its 7th largest position. Pullen Investment Management LLC’s holdings in Kirby were worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in Kirby by 34.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,532 shares of the shipping company’s stock worth $310,000 after purchasing an additional 655 shares during the period. Tectonic Advisors LLC increased its stake in shares of Kirby by 27.6% during the third quarter. Tectonic Advisors LLC now owns 57,456 shares of the shipping company’s stock valued at $7,034,000 after buying an additional 12,444 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Kirby by 47.6% in the third quarter. Assenagon Asset Management S.A. now owns 139,102 shares of the shipping company’s stock valued at $17,030,000 after acquiring an additional 44,858 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Kirby by 12,142.9% in the third quarter. International Assets Investment Management LLC now owns 26,567 shares of the shipping company’s stock valued at $3,253,000 after acquiring an additional 26,350 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Kirby by 72.7% during the 3rd quarter. Signaturefd LLC now owns 1,544 shares of the shipping company’s stock worth $189,000 after acquiring an additional 650 shares in the last quarter. Institutional investors own 96.15% of the company’s stock.

Insider Buying and Selling at Kirby

In other news, CEO David W. Grzebinski sold 26,358 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $120.46, for a total transaction of $3,175,084.68. Following the sale, the chief executive officer now owns 63,399 shares in the company, valued at approximately $7,637,043.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kirby news, CEO David W. Grzebinski sold 26,358 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $120.46, for a total value of $3,175,084.68. Following the completion of the transaction, the chief executive officer now owns 63,399 shares of the company’s stock, valued at approximately $7,637,043.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Amy D. Husted sold 2,853 shares of the business’s stock in a transaction on 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 directly owns 5,280 shares in the company, valued at $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. Over the last ninety days, insiders sold 46,012 shares of company stock worth $5,571,267. 1.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KEX has been the subject of several recent research reports. Bank of America boosted their price target on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

Get Our Latest Report on KEX

Kirby Stock Up 1.4 %

Shares of Kirby stock opened at $125.50 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.32. The company has a market cap of $7.34 billion, a P/E ratio of 29.67, a PEG ratio of 0.75 and a beta of 1.17. The firm’s 50 day moving average price is $120.63 and its 200-day moving average price is $117.49. Kirby Co. has a 52-week low of $72.11 and a 52-week high of $130.90.

Kirby (NYSE:KEX – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.11. The business had revenue of $824.40 million for the quarter, compared to the consensus estimate of $821.65 million. Kirby had a return on equity of 8.70% and a net margin of 8.72%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. On average, sell-side analysts predict that Kirby Co. will post 5.46 EPS for the current fiscal year.

About Kirby

(Free Report)

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.

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