Greenwood Capital Associates LLC Has $608,000 Stock Position in Kirby Co. (NYSE:KEX)

Greenwood Capital Associates LLC cut its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 37.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,021 shares of the shipping company's stock after selling 3,650 shares during the quarter. Greenwood Capital Associates LLC's holdings in Kirby were worth $608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Kirby during the 4th quarter valued at about $25,000. Colonial Trust Co SC raised its holdings in shares of Kirby by 295.3% in the 4th quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock worth $27,000 after buying an additional 189 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Kirby by 147.2% in the 1st quarter. UMB Bank n.a. now owns 351 shares of the shipping company's stock worth $35,000 after buying an additional 209 shares in the last quarter. Versant Capital Management Inc bought a new position in shares of Kirby during the 1st quarter worth approximately $44,000. Finally, LGT Financial Advisors LLC acquired a new stake in Kirby in the 4th quarter valued at $63,000. 96.15% of the stock is currently owned by institutional investors.

Kirby Trading Up 2.1%

Shares of Kirby stock traded up $2.29 on Monday, hitting $113.12. 445,275 shares of the company's stock traded hands, compared to its average volume of 544,754. The firm's 50-day moving average price is $104.42 and its two-hundred day moving average price is $105.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. The stock has a market capitalization of $6.35 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 0.88 and a beta of 0.97. Kirby Co. has a one year low of $83.94 and a one year high of $132.21.

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

Wall Street Analyst Weigh In

Separately, Bank of America lifted their price target on shares of 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.