Sanctuary Advisors LLC Purchases 1,758 Shares of Kirby Co. (NYSE:KEX)

Sanctuary Advisors LLC increased its position in shares of Kirby Co. (NYSE:KEX) by 20.3% during the 3rd quarter, Holdings Channel reports. The firm owned 10,420 shares of the shipping company’s stock after acquiring an additional 1,758 shares during the period. Sanctuary Advisors LLC’s holdings in Kirby were worth $1,337,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 168 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Kirby during the second quarter worth about $26,000. ORG Wealth Partners LLC bought a new stake in Kirby during the 3rd quarter valued at approximately $30,000. Blue Trust Inc. lifted its holdings in Kirby by 91.0% in the 2nd quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock worth $35,000 after purchasing an additional 141 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in Kirby in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Insider Buying and Selling at Kirby

In other Kirby news, VP Ronald A. Dragg sold 2,313 shares of the company’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 transaction of $294,444.90. Following the sale, the vice president now directly owns 7,683 shares in the company, valued at $978,045.90. This represents a 23.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Ross Stewart sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total value of $1,025,680.00. Following the completion of the sale, the director now directly owns 15,488 shares of the company’s stock, valued at $1,985,716.48. The trade was a 34.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,354 shares of company stock worth $3,275,455 over the last 90 days. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kirby currently has an average rating of “Moderate Buy” and an average target price of $123.80.

Kirby Price Performance

Shares of Kirby stock opened at $104.14 on Friday. The firm has a market cap of $5.98 billion, a PE ratio of 19.99, a PEG ratio of 0.70 and a beta of 1.18. The stock has a 50 day moving average of $122.05 and a 200 day moving average of $120.40. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Kirby Co. has a 12 month low of $74.88 and a 12 month high of $132.21.

Kirby (NYSE:KEX) last posted its earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $824.42 million. During the same period in the prior year, the company earned $1.05 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect 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.