Atria Investments Inc Purchases 7,629 Shares of Kirby Co. (NYSE:KEX)

Atria Investments Inc lifted its position in shares of Kirby Co. (NYSE:KEX) by 27.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,353 shares of the shipping company’s stock after purchasing an additional 7,629 shares during the quarter. Atria Investments Inc owned about 0.06% of Kirby worth $4,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KEX. Capital Performance Advisors LLP purchased a new stake in shares of Kirby in the 3rd quarter worth about $52,000. Asset Management One Co. Ltd. grew its holdings in Kirby by 7.5% in the third quarter. Asset Management One Co. Ltd. now owns 23,855 shares of the shipping company’s stock worth $2,921,000 after purchasing an additional 1,672 shares during the period. Ground Swell Capital LLC bought a new position in shares of Kirby during the third quarter valued at approximately $217,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Kirby during the third quarter valued at approximately $871,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Kirby by 420.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. 96.15% of the stock is owned by hedge funds and other institutional investors.

Kirby Stock Down 0.3 %

KEX stock opened at $130.19 on Wednesday. The stock has a market capitalization of $7.54 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70 and a quick ratio of 1.05. Kirby Co. has a 1-year low of $72.11 and a 1-year high of $132.04. The business has a fifty day moving average price of $121.37 and a 200-day moving average price of $119.34.

Kirby (NYSE:KEX) last issued its earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Kirby had a return on equity of 9.49% and a net margin of 9.37%. The business had revenue of $831.10 million during the quarter, compared to analyst estimates of $824.42 million. During the same quarter in the previous year, the firm earned $1.05 EPS. Kirby’s revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that Kirby Co. will post 5.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. StockNews.com cut Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. Bank of America lifted their price target on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Kirby has an average rating of “Moderate Buy” and an average target price of $123.80.

Insider Buying and Selling

In other Kirby news, CEO David W. Grzebinski sold 26,358 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $120.46, for a total transaction of $3,175,084.68. Following the completion of the sale, the chief executive officer now directly owns 63,399 shares in the company, valued at approximately $7,637,043.54. The trade was a 0.00 % decrease in their position. The sale was disclosed in a 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 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 completion of the sale, the chief executive officer now directly owns 63,399 shares in the company, valued at $7,637,043.54. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christian G. O’neil sold 14,031 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $123.29, for a total transaction of $1,729,881.99. Following the completion of the transaction, the chief operating officer now owns 12,746 shares in the company, valued at $1,571,454.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,555 shares of company stock worth $5,560,430. 1.50% of the stock is owned by 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.