Artemis Investment Management LLP Purchases 2,342 Shares of Kirby Corporation (NYSE:KEX)

Artemis Investment Management LLP grew its position in shares of Kirby Corporation (NYSE:KEX - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,177 shares of the shipping company's stock after acquiring an additional 2,342 shares during the quarter. Artemis Investment Management LLP owned about 0.68% of Kirby worth $38,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC grew its position in Kirby by 295.3% in the 4th quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock valued at $27,000 after purchasing an additional 189 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Kirby during the first quarter valued at about $28,000. UMB Bank n.a. increased its position in shares of Kirby by 147.2% during the first quarter. UMB Bank n.a. now owns 351 shares of the shipping company's stock worth $35,000 after acquiring an additional 209 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Kirby in the 1st quarter worth about $44,000. Finally, LGT Financial Advisors LLC acquired a new stake in shares of Kirby in the 4th quarter worth about $63,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Kirby Trading Up 2.2%

NYSE KEX opened at $114.81 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $107.27 and a 200 day simple moving average of $104.99. Kirby Corporation has a 12 month low of $83.94 and a 12 month high of $132.21. The firm has a market capitalization of $6.44 billion, a P/E ratio of 22.73, a PEG ratio of 1.00 and a beta of 0.97.

Kirby (NYSE:KEX - Get Free Report) last announced its earnings results on Thursday, May 1st. The shipping company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.27 by $0.06. Kirby had a net margin of 9.02% and a return on equity of 9.81%. The company had revenue of $785.66 million during the quarter, compared to the consensus estimate of $824.12 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Kirby Corporation will post 6.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Kirby

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.