Cwm LLC Buys 5,915 Shares of Kirby Corporation (NYSE:KEX)

Cwm LLC boosted its position in Kirby Corporation (NYSE:KEX - Free Report) by 270.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,105 shares of the shipping company's stock after buying an additional 5,915 shares during the quarter. Cwm LLC's holdings in Kirby were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of KEX. Colonial Trust Co SC lifted 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 worth $27,000 after acquiring an additional 189 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Kirby in the first quarter worth $28,000. KBC Group NV purchased a new stake in Kirby in the first quarter worth $32,000. UMB Bank n.a. lifted 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 worth $35,000 after acquiring an additional 209 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in Kirby in the first quarter worth $44,000. Hedge funds and other institutional investors own 96.15% of the company's stock.

Kirby Stock Performance

NYSE:KEX opened at $115.09 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.58 and a quick ratio of 0.96. Kirby Corporation has a 1 year low of $83.94 and a 1 year high of $132.21. The stock's 50 day simple moving average is $112.86 and its two-hundred day simple moving average is $105.76. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.04 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

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

Kirby 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.

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