Kirby Co. (NYSE:KEX) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 2,655.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,897 shares of the shipping company's stock after buying an additional 45,195 shares during the quarter. Deutsche Bank AG owned 0.08% of Kirby worth $4,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KEX. Empowered Funds LLC acquired a new position in Kirby during the fourth quarter worth about $25,000. Colonial Trust Co SC grew its position in Kirby by 295.3% during the fourth quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock worth $27,000 after buying an additional 189 shares during the period. LGT Financial Advisors LLC acquired a new position in Kirby during the fourth quarter worth about $63,000. R Squared Ltd acquired a new position in Kirby during the fourth quarter worth about $76,000. Finally, Quarry LP acquired a new stake in shares of Kirby in the fourth quarter valued at approximately $133,000. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KEX has been the topic of several research reports. Stifel Nicolaus lowered their price target on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Bank of America increased their price target on shares of Kirby from $116.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, May 16th.

Kirby Price Performance

Shares of KEX stock traded down $0.67 during trading hours on Thursday, hitting $107.24. The company's stock had a trading volume of 405,921 shares, compared to its average volume of 540,446. The business has a fifty day moving average of $99.77 and a 200-day moving average of $107.49. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 0.88 and a beta of 0.91. Kirby Co. has a twelve month low of $83.94 and a twelve month high of $132.21. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26.

Kirby (NYSE:KEX - Get Free Report) last announced its earnings results on Thursday, May 1st. The shipping company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.06. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The firm had revenue of $785.66 million for the quarter, compared to analyst estimates of $824.12 million. During the same quarter last year, the business earned $1.19 earnings per share. Kirby's revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Kirby Co. will post 6.57 EPS for the current year.

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.