SG Americas Securities LLC lessened its holdings in shares of Kirby Co. (NYSE:KEX) by 14.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,558 shares of the shipping company’s stock after selling 2,996 shares during the quarter. SG Americas Securities LLC’s holdings in Kirby were worth $1,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in Kirby by 24.1% during the second quarter. Janney Montgomery Scott LLC now owns 9,048 shares of the shipping company’s stock worth $756,000 after purchasing an additional 1,760 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Kirby by 89.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,729 shares of the shipping company’s stock valued at $312,000 after purchasing an additional 1,756 shares in the last quarter. Aperio Group LLC raised its holdings in Kirby by 42.5% in the 2nd quarter. Aperio Group LLC now owns 16,939 shares of the shipping company’s stock valued at $1,416,000 after buying an additional 5,051 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Kirby by 124.6% during the 2nd quarter. Wells Fargo & Company MN now owns 528,341 shares of the shipping company’s stock worth $44,169,000 after purchasing an additional 293,152 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Kirby during the 2nd quarter worth approximately $696,000. 94.13% of the stock is currently owned by institutional investors.

NYSE:KEX opened at $75.78 on Thursday. The company has a market cap of $4.54 billion, a PE ratio of 36.97, a P/E/G ratio of 2.02 and a beta of 0.99. Kirby Co. has a fifty-two week low of $62.45 and a fifty-two week high of $94.05. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 0.43.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, October 25th. The shipping company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $704.85 million during the quarter, compared to analyst estimates of $780.20 million. Kirby had a return on equity of 5.05% and a net margin of 11.30%. Sell-side analysts anticipate that Kirby Co. will post 2.82 earnings per share for the current year.

KEX has been the subject of several research analyst reports. ValuEngine upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. Zacks Investment Research raised shares of Kirby from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Finally, Wells Fargo & Co lowered their price objective on Kirby from $91.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.25.

In other news, VP Amy D. Husted sold 1,200 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $74.79, for a total transaction of $89,748.00. Following the completion of the sale, the vice president now owns 15,246 shares of the company’s stock, valued at $1,140,248.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

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About Kirby

Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

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Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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