Wilmington Savings Fund Society FSB Purchases 2,756 Shares of Kirby Co. (NYSE:KEX)

Wilmington Savings Fund Society FSB lifted its holdings in Kirby Co. (NYSE:KEX) by 112.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,208 shares of the shipping company’s stock after acquiring an additional 2,756 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Kirby were worth $638,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings 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 worth $25,000 after purchasing an additional 168 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Kirby in the 2nd quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new position in Kirby during the third quarter valued at $30,000. Blue Trust Inc. boosted its stake in Kirby by 91.0% during the second quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock worth $35,000 after acquiring an additional 141 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Kirby in the 2nd quarter worth approximately $37,000. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Kirby Price Performance

NYSE KEX opened at $117.45 on Monday. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 0.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.67 and a quick ratio of 1.05. The business’s fifty day moving average price is $123.46 and its 200-day moving average price is $120.87. Kirby Co. has a 1-year low of $74.88 and a 1-year high of $132.21.

Kirby (NYSE:KEX) last issued its quarterly earnings data 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 firm had revenue of $831.10 million during the quarter, compared to the consensus estimate of $824.42 million. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 EPS. On average, equities analysts predict that Kirby Co. will post 5.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Kirby currently has a consensus rating of “Buy” and an average target price of $123.80.

Insider Buying and Selling at Kirby

In other news, COO Christian G. O’neil sold 14,031 shares of Kirby stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $123.29, for a total transaction of $1,729,881.99. Following the sale, the chief operating officer now owns 12,746 shares in the company, valued at $1,571,454.34. This trade represents a 52.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Ross Stewart sold 8,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the transaction, the director now directly owns 15,488 shares of the company’s stock, valued at $1,985,716.48. This trade represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,238 shares of company stock valued at $5,366,356 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

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.