Tectonic Advisors LLC Has $7.03 Million Holdings in Kirby Co. (NYSE:KEX)

Tectonic Advisors LLC increased its holdings in Kirby Co. (NYSE:KEX) by 27.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,456 shares of the shipping company’s stock after acquiring an additional 12,444 shares during the period. Tectonic Advisors LLC’s holdings in Kirby were worth $7,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scout Investments Inc. increased its stake in Kirby by 66.5% in the 1st quarter. Scout Investments Inc. now owns 108,814 shares of the shipping company’s stock valued at $10,299,000 after buying an additional 43,465 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Kirby by 21.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 896,257 shares of the shipping company’s stock valued at $85,432,000 after buying an additional 157,880 shares during the last quarter. Sei Investments Co. increased its stake in Kirby by 32.4% in the 1st quarter. Sei Investments Co. now owns 66,833 shares of the shipping company’s stock valued at $6,371,000 after buying an additional 16,373 shares during the last quarter. SG Americas Securities LLC increased its stake in Kirby by 201.8% in the 2nd quarter. SG Americas Securities LLC now owns 16,213 shares of the shipping company’s stock valued at $1,941,000 after buying an additional 10,841 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Kirby in the 1st quarter valued at about $1,031,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on KEX. Bank of America increased their price objective on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Kirby has a consensus rating of “Moderate Buy” and an average price target of $123.80.

Kirby Stock Up 1.6 %

Kirby stock opened at $123.74 on Friday. The firm has a 50 day moving average price of $120.51 and a 200-day moving average price of $117.19. The company has a market capitalization of $7.24 billion, a P/E ratio of 29.25, a P/E/G ratio of 0.75 and a beta of 1.17. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $130.90. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.32.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $824.40 million during the quarter, compared to the consensus estimate of $821.65 million. Kirby had a net margin of 8.72% and a return on equity of 8.70%. Kirby’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. As a group, equities analysts predict that Kirby Co. will post 5.46 EPS for the current year.

Insider Buying and Selling

In related news, VP Amy D. Husted sold 2,853 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 completion of the transaction, the vice president now directly owns 5,280 shares in the company, valued at $668,131.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Christian G. O’neil sold 2,770 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $110.21, for a total transaction of $305,281.70. Following the transaction, the chief operating officer now owns 16,079 shares of the company’s stock, valued at $1,772,066.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,012 shares of company stock valued at $5,571,267. Company insiders own 1.50% of the company’s stock.

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.