10,087 Shares in Kirby Co. (NYSE:KEX) Purchased by NBC Securities Inc.

NBC Securities Inc. bought a new stake in Kirby Co. (NYSE:KEX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,087 shares of the shipping company's stock, valued at approximately $1,018,000.

Several other large investors have also recently bought and sold shares of KEX. Janney Montgomery Scott LLC increased its stake in shares of Kirby by 1.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company's stock valued at $895,000 after buying an additional 108 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Kirby in the fourth quarter valued at about $835,000. Tectonic Advisors LLC grew its stake in Kirby by 4.8% during the fourth quarter. Tectonic Advisors LLC now owns 60,188 shares of the shipping company's stock worth $6,368,000 after purchasing an additional 2,732 shares during the period. Lecap Asset Management Ltd. acquired a new stake in Kirby during the fourth quarter worth approximately $1,352,000. Finally, Empowered Funds LLC acquired a new stake in Kirby during the fourth quarter worth approximately $25,000. 96.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Kirby Stock Down 0.5%

KEX stock traded down $0.58 during mid-day trading on Thursday, reaching $110.85. 356,435 shares of the company traded hands, compared to its average volume of 543,930. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 0.88 and a beta of 0.91. 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 Co. has a fifty-two week low of $83.94 and a fifty-two week high of $132.21. The firm's 50 day moving average price is $101.49 and its 200 day moving average price is $106.41.

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

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.