14,511 Shares in Kirby Corporation (NYSE:KEX) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Kirby Corporation (NYSE:KEX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,511 shares of the shipping company's stock, valued at approximately $1,466,000.

Other large investors have also recently bought and sold shares of the company. Colonial Trust Co SC raised its stake in Kirby by 295.3% in the fourth quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock valued at $27,000 after buying an additional 189 shares during the period. Opal Wealth Advisors LLC bought a new stake in Kirby in the first quarter valued at approximately $28,000. KBC Group NV bought a new stake in Kirby in the first quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in Kirby by 147.2% in the first quarter. UMB Bank n.a. now owns 351 shares of the shipping company's stock valued at $35,000 after buying an additional 209 shares during the period. Finally, Versant Capital Management Inc bought a new stake in Kirby in the first quarter valued at approximately $44,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Bank of America increased their target price on Kirby from $116.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, May 16th.

Kirby Stock Performance

Shares of NYSE KEX traded up $0.19 during trading hours on Friday, reaching $95.50. 1,660,498 shares of the stock were exchanged, compared to its average volume of 613,185. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 18.05, a P/E/G ratio of 0.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.96 and a current ratio of 1.58. Kirby Corporation has a 52 week low of $83.94 and a 52 week high of $132.21. The stock's fifty day simple moving average is $113.86 and its 200 day simple moving average is $106.32.

Kirby (NYSE:KEX - Get Free Report) last announced its earnings results on Thursday, July 31st. The shipping company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.08. The company had revenue of $855.46 million for the quarter, compared to analyst estimates of $851.94 million. Kirby had a return on equity of 10.07% and a net margin of 9.25%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. Sell-side analysts predict that Kirby Corporation will post 6.57 EPS 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.