Teacher Retirement System of Texas Has $212,000 Stock Position in Kirby Corporation (NYSE:KEX)

Teacher Retirement System of Texas trimmed its position in Kirby Corporation (NYSE:KEX - Free Report) by 59.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the shipping company's stock after selling 3,045 shares during the quarter. Teacher Retirement System of Texas' holdings in Kirby were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Separately, Bank of America boosted 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 Stock Down 0.0%

Shares of NYSE KEX opened at $115.74 on Monday. The firm has a market capitalization of $6.49 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 0.33. Kirby Corporation has a 1 year low of $83.94 and a 1 year high of $132.21. The firm's 50-day moving average is $112.72 and its 200-day moving average is $105.69.

Kirby (NYSE:KEX - Get Free Report) last issued its earnings results on Thursday, May 1st. The shipping company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.06. Kirby had a net margin of 9.02% and a return on equity of 9.81%. The company had revenue of $785.66 million for the quarter, compared to analyst estimates of $824.12 million. During the same quarter last year, the firm earned $1.19 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts expect that Kirby Corporation will post 6.57 EPS for the current 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.

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