Oppenheimer Asset Management Inc. Has $9.69 Million Position in Kirby Co. (NYSE:KEX)

Oppenheimer Asset Management Inc. boosted its position in shares of Kirby Co. (NYSE:KEX) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,141 shares of the shipping company’s stock after purchasing an additional 10,639 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Kirby were worth $9,689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KEX. Victory Capital Management Inc. raised its stake in shares of Kirby by 68.7% in the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock valued at $58,428,000 after acquiring an additional 194,410 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Kirby by 16.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 20,427 shares of the shipping company’s stock worth $2,501,000 after purchasing an additional 2,834 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Kirby by 19.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,539 shares of the shipping company’s stock worth $556,000 after purchasing an additional 729 shares during the last quarter. Atria Investments Inc increased its stake in shares of Kirby by 27.5% in the third quarter. Atria Investments Inc now owns 35,353 shares of the shipping company’s stock valued at $4,328,000 after buying an additional 7,629 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Kirby in the third quarter valued at about $52,000. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KEX has been the subject of several research reports. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. Bank of America raised their price target on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One 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, the company has a consensus rating of “Moderate Buy” and an average target price of $123.80.

Insider Transactions at Kirby

In other Kirby news, COO Christian G. O’neil sold 15,041 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total value of $1,955,330.00. Following the transaction, the chief operating officer now owns 7,746 shares of the company’s stock, valued at approximately $1,006,980. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $130.00, for a total value of $1,955,330.00. Following the completion of the transaction, the chief operating officer now owns 7,746 shares of the company’s stock, valued at $1,006,980. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amy D. Husted sold 2,853 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $126.54, for a total value of $361,018.62. Following the completion of the transaction, the vice president now directly owns 5,280 shares of the company’s stock, valued at approximately $668,131.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,596 shares of company stock worth $7,515,760 in the last three months. Insiders own 1.50% of the company’s stock.

Kirby Stock Performance

Kirby stock opened at $128.49 on Thursday. The company has a market cap of $7.44 billion, a PE ratio of 24.66, a PEG ratio of 0.77 and a beta of 1.17. The company has a current ratio of 1.70, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. Kirby Co. has a 1 year low of $72.11 and a 1 year high of $132.04. The company’s 50-day moving average is $121.93 and its two-hundred day moving average is $119.53.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.49%. The business had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. During the same period in the prior year, the business posted $1.05 earnings per share. Kirby’s revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Kirby Co. will post 5.44 earnings per share for the current year.

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.