345 Shares in Kirby Co. (NYSE:KEX) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in Kirby Co. (NYSE:KEX) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 345 shares of the shipping company’s stock, valued at approximately $42,000.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Kirby by 201.8% in the 2nd quarter. SG Americas Securities LLC now owns 16,213 shares of the shipping company’s stock worth $1,941,000 after purchasing an additional 10,841 shares during the period. Quest Partners LLC raised its holdings in Kirby by 1,247.8% in the 2nd quarter. Quest Partners LLC now owns 12,373 shares of the shipping company’s stock worth $1,481,000 after purchasing an additional 11,455 shares during the period. Tidal Investments LLC bought a new position in Kirby in the 1st quarter worth $755,000. First Hawaiian Bank bought a new stake in Kirby during the second quarter valued at about $852,000. Finally, Samlyn Capital LLC raised its holdings in Kirby by 7.8% during the second quarter. Samlyn Capital LLC now owns 319,752 shares of the shipping company’s stock valued at $38,284,000 after acquiring an additional 23,086 shares during the period. 96.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. One 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 has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Insider Transactions at Kirby

In other news, CEO David W. Grzebinski sold 26,358 shares of Kirby stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $120.46, for a total value of $3,175,084.68. Following the sale, the chief executive officer now directly owns 63,399 shares of the company’s stock, valued at approximately $7,637,043.54. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Amy D. Husted sold 2,853 shares of Kirby stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $126.54, for a total value of $361,018.62. Following the completion of the sale, the vice president now directly owns 5,280 shares in the company, valued at $668,131.20. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,596 shares of company stock valued at $8,541,440. 1.50% of the stock is currently owned by insiders.

Kirby Trading Up 0.1 %

Shares of KEX stock opened at $126.51 on Friday. Kirby Co. has a 12-month low of $72.11 and a 12-month high of $132.21. 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 stock’s 50-day moving average price is $124.16 and its 200-day moving average price is $120.84. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 0.75 and a beta of 1.17.

Kirby (NYSE:KEX) last issued its earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The firm had revenue of $831.10 million for the quarter, compared to analysts’ expectations of $824.42 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Equities research analysts predict that Kirby Co. will post 5.45 EPS for the current fiscal year.

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.