Oliver Lagore Vanvalin Investment Group invests $85,000 in Kirby Co. (NYSE:KEX)

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Oliver Lagore Vanvalin Investment Group acquired a new stake in Kirby Co. (NYSE:KEX – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 711 shares of the shipping company’s stock, valued at approximately $85,000.

Several other institutional investors and hedge funds have also bought and sold shares of KEX. International Assets Investment Management LLC bought a new position in Kirby in the second quarter valued at about $26,000. ORG Partners LLC acquired a new stake in shares of Kirby during the second quarter valued at approximately $32,000. Opal Wealth Advisors LLC purchased a new stake in shares of Kirby during the second quarter valued at about $33,000. Blue Trust Inc. raised its stake in Kirby by 91.0% in the second quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock valued at $35,000 after acquiring an additional 141 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in Kirby in the second quarter valued at about $37,000. Institutional investors own 96.15% of the company’s shares.

Analysts set new price targets

KEX has been the subject of a number of research analyst reports. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. Bank of America raised their price objective on Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note 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. The company has a consensus rating of “Moderate Buy” and an average target price of $123.80, according to MarketBeat.com.

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Performance of Kirby actions

Shares of Kirby opened at $125.33 on Friday. Kirby Co. it has a fifty-two week low of $72.11 and a fifty-two week high of $130.90. The company’s 50-day moving average price is $118.48, and its two-hundred-day moving average price is $113.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70, and a quick ratio of 1.05. The firm has a market cap of $7.33 billion, a P/E ratio of 29.63, a P/E/G ratio of 0.77 and a beta of 1.17.

Kirby (NYSE:KEX – Get Your Free Report ) last posted its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. The company had revenue of $824.40 million for the quarter, compared to analysts’ expectations of $821.65 million. Kirby had a return on equity of 8.70% and a net margin of 8.72%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted earnings of $0.95 per share. On average, equities analysts expect that Kirby Co. will post 5.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Kirby

In other news, COO Christian G. O’neil sold 2,770 shares of Kirby stock in a transaction on Monday, August 5th. The shares were sold at an average price of $110.21, for a total transaction of $305,281.70. Following the transaction, the chief operating officer now owns 16,079 shares in the company, valued at $1,772,066.59. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, CEO David W. Grzebinski sold 26,358 shares of the company’s stock in a transaction that occurred 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 owns 63,399 shares of the company’s stock, valued at $7,637,043.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, COO Christian G. O’neil sold 2,770 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $110.21, for a total value of $305,281.70. Following the completion of the transaction, the chief operating officer now directly owns 16,079 shares in the company, valued at $1,772,066.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,012 shares of company stock worth $5,571,267. 1.50% of shares are currently owned by company insiders.

Kirby Company Profile

(Free report)

Kirby Corporation operates inland tank barges in the United States. Its Marine Transportation segment provides marine transportation and towing services for vessels carrying liquid bulk products, as well as operating tank barges throughout the Mississippi River system, the Gulf Intracoastal Waterway, coast to coast along three coasts of the United States and in Alaska and Hawaii.