Sivia Capital Partners LLC Takes Position in Kirby Co. (NYSE:KEX)

Sivia Capital Partners LLC purchased a new stake in shares of Kirby Co. (NYSE:KEX - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,244 shares of the shipping company's stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of Kirby by 1.6% in the 4th quarter. Wellington Management Group LLP now owns 1,762,651 shares of the shipping company's stock worth $186,488,000 after purchasing an additional 28,259 shares during the period. Select Equity Group L.P. increased its holdings in Kirby by 59.0% during the 4th quarter. Select Equity Group L.P. now owns 1,565,693 shares of the shipping company's stock worth $165,650,000 after purchasing an additional 581,215 shares in the last quarter. First Trust Advisors LP lifted its stake in Kirby by 69.7% during the 4th quarter. First Trust Advisors LP now owns 876,292 shares of the shipping company's stock valued at $92,712,000 after acquiring an additional 359,770 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Kirby by 14.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 815,008 shares of the shipping company's stock worth $86,228,000 after purchasing an additional 100,655 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its position in shares of Kirby by 11.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 754,785 shares of the shipping company's stock valued at $79,856,000 after acquiring an additional 76,436 shares during the last quarter. Institutional investors own 96.15% of the company's stock.

Kirby Trading Down 0.2%

Shares of KEX stock traded down $0.23 on Thursday, hitting $112.52. 349,606 shares of the company's stock traded hands, compared to its average volume of 544,100. The stock has a market capitalization of $6.31 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 0.88 and a beta of 0.97. The company's fifty day simple moving average is $102.95 and its 200 day simple moving average is $105.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. 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 released its quarterly 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 business had revenue of $785.66 million for the quarter, compared to analysts' expectations of $824.12 million. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The firm'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 business posted $1.19 earnings per share. Equities analysts forecast that Kirby Co. will post 6.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Bank of America boosted 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.