King Luther Capital Management Corp Has $194.26 Million Holdings in Kirby Co. (NYSE:KEX)

King Luther Capital Management Corp decreased its stake in Kirby Co. (NYSE:KEX) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,586,683 shares of the shipping company’s stock after selling 98,187 shares during the quarter. King Luther Capital Management Corp’s holdings in Kirby were worth $194,258,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Premier Fund Managers Ltd boosted its stake in Kirby by 12.3% in the 3rd quarter. Premier Fund Managers Ltd now owns 11,850 shares of the shipping company’s stock valued at $1,485,000 after buying an additional 1,300 shares in the last quarter. Caprock Group LLC acquired a new stake in Kirby in the 3rd quarter valued at $214,000. Pathstone Holdings LLC boosted its stake in Kirby by 3.6% in the 3rd quarter. Pathstone Holdings LLC now owns 12,554 shares of the shipping company’s stock valued at $1,537,000 after buying an additional 432 shares in the last quarter. Quest Partners LLC boosted its stake in Kirby by 0.7% in the 3rd quarter. Quest Partners LLC now owns 12,462 shares of the shipping company’s stock valued at $1,526,000 after buying an additional 89 shares in the last quarter. Finally, Chesapeake Capital Corp IL raised its position in Kirby by 28.2% in the 3rd quarter. Chesapeake Capital Corp IL now owns 4,959 shares of the shipping company’s stock valued at $622,000 after purchasing an additional 1,090 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.80.

Kirby Trading Up 0.8 %

Shares of KEX opened at $129.30 on Thursday. The stock has a fifty day moving average price of $122.99 and a two-hundred day moving average price of $120.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. Kirby Co. has a 52-week low of $72.11 and a 52-week high of $132.21. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 0.76 and a beta of 1.17.

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

Insider Transactions at Kirby

In other news, COO Christian G. O’neil sold 15,041 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the completion of the sale, the chief operating officer now owns 7,746 shares in the company, valued at $1,006,980. The trade was a 66.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David W. Grzebinski sold 26,358 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $120.46, for a total value of $3,175,084.68. Following the completion of the sale, the chief executive officer now owns 63,399 shares of the company’s stock, valued at $7,637,043.54. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,596 shares of company stock worth $7,515,760 over the last 90 days. 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.