Thompson Siegel & Walmsley LLC Has $7.91 Million Stock Holdings in Kirby Co. (NYSE:KEX)

Thompson Siegel & Walmsley LLC lowered its stake in Kirby Co. (NYSE:KEX) by 23.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 102,729 shares of the shipping company’s stock after selling 31,397 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.17% of Kirby worth $7,905,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KEX. Morgan Stanley lifted its stake in Kirby by 923.2% in the 4th quarter. Morgan Stanley now owns 4,248,727 shares of the shipping company’s stock valued at $273,406,000 after purchasing an additional 3,833,471 shares during the last quarter. FMR LLC lifted its stake in shares of Kirby by 74.3% in the first quarter. FMR LLC now owns 1,790,462 shares of the shipping company’s stock valued at $124,795,000 after buying an additional 763,476 shares in the last quarter. Norges Bank bought a new position in shares of Kirby in the fourth quarter valued at $42,762,000. ArrowMark Colorado Holdings LLC lifted its position in shares of Kirby by 29.8% during the first quarter. ArrowMark Colorado Holdings LLC now owns 1,775,311 shares of the shipping company’s stock valued at $123,739,000 after purchasing an additional 407,226 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Kirby by 31.6% during the second quarter. Jennison Associates LLC now owns 1,507,817 shares of the shipping company’s stock valued at $116,027,000 after purchasing an additional 362,282 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Kirby Price Performance

KEX stock traded up $1.53 during midday trading on Friday, reaching $77.54. The company had a trading volume of 382,161 shares, compared to its average volume of 348,486. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.88 and a quick ratio of 1.09. Kirby Co. has a 1 year low of $60.14 and a 1 year high of $87.52. The company has a market capitalization of $4.58 billion, a P/E ratio of 23.50, a P/E/G ratio of 1.72 and a beta of 1.24. The firm has a 50-day moving average price of $80.72 and a 200-day moving average price of $78.06.

Kirby (NYSE:KEX) last released its quarterly earnings results on Thursday, October 26th. The shipping company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $764.77 million during the quarter, compared to analysts’ expectations of $795.43 million. Kirby had a net margin of 6.56% and a return on equity of 6.50%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.65 EPS. On average, research analysts anticipate that Kirby Co. will post 3.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KEX shares. StockNews.com started coverage on shares of Kirby in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Stifel Nicolaus boosted their price objective on shares of Kirby from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Kirby has a consensus rating of “Moderate Buy” and a consensus target price of $90.50.

Insider Transactions at Kirby

In other news, VP Amy D. Husted sold 1,019 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $84.58, for a total value of $86,187.02. Following the completion of the sale, the vice president now directly owns 7,053 shares in the company, valued at approximately $596,542.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO David W. Grzebinski sold 26,634 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $83.03, for a total transaction of $2,211,421.02. Following the completion of the sale, the chief executive officer now directly owns 69,006 shares in the company, valued at approximately $5,729,568.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Amy D. Husted sold 1,019 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $84.58, for a total transaction of $86,187.02. Following the sale, the vice president now owns 7,053 shares of the company’s stock, valued at $596,542.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,609 shares of company stock worth $4,444,514. 1.50% of the stock is currently owned by insiders.

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.