Kirby Co. (NYSE:KEX) Position Trimmed by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Kirby Co. (NYSE:KEX - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 684,267 shares of the shipping company's stock after selling 29,381 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.19% of Kirby worth $72,395,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KEX. Bank of New York Mellon Corp raised its position in shares of Kirby by 2.6% during the fourth quarter. Bank of New York Mellon Corp now owns 415,042 shares of the shipping company's stock worth $43,911,000 after purchasing an additional 10,486 shares during the period. Raymond James Financial Inc. purchased a new stake in Kirby during the fourth quarter valued at about $18,749,000. Asset Management One Co. Ltd. lifted its stake in Kirby by 24.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 29,659 shares of the shipping company's stock valued at $3,143,000 after buying an additional 5,804 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Kirby by 9.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,402 shares of the shipping company's stock worth $466,000 after buying an additional 379 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Kirby in the fourth quarter worth approximately $349,000. 96.15% of the stock is owned by institutional investors.

Kirby Stock Down 0.6%

KEX stock opened at $107.24 on Friday. The company has a 50 day moving average of $99.91 and a two-hundred day moving average of $107.43. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 0.88 and a beta of 0.91. Kirby Co. has a 12-month low of $83.94 and a 12-month high of $132.21. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KEX shares. Stifel Nicolaus lowered their price target on Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Bank of America lifted their target price 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.

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