Two Sigma Advisers LP Purchases 4,000 Shares of Kirby Co. (NYSE:KEX)

Two Sigma Advisers LP boosted its position in Kirby Co. (NYSE:KEX - Free Report) by 64.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,200 shares of the shipping company's stock after purchasing an additional 4,000 shares during the quarter. Two Sigma Advisers LP's holdings in Kirby were worth $1,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its position 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 in the last quarter. Huntington National Bank increased its stake in Kirby by 6.8% during the 4th quarter. Huntington National Bank now owns 1,781 shares of the shipping company's stock worth $188,000 after acquiring an additional 113 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Kirby by 1.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,035 shares of the shipping company's stock valued at $1,379,000 after acquiring an additional 124 shares in the last quarter. Stifel Financial Corp raised its holdings in Kirby by 0.5% in the 4th quarter. Stifel Financial Corp now owns 29,047 shares of the shipping company's stock valued at $3,073,000 after acquiring an additional 138 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Kirby by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 30,914 shares of the shipping company's stock valued at $3,271,000 after acquiring an additional 140 shares during the period. 96.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Kirby Price Performance

Shares of NYSE KEX traded down $0.47 during trading hours on Wednesday, hitting $112.88. 36,392 shares of the stock were exchanged, compared to its average volume of 543,387. The company's fifty day simple moving average is $101.27 and its two-hundred day simple moving average is $106.37. The company has a market cap of $6.33 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. 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 1-year low of $83.94 and a 1-year high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The shipping company reported $1.33 earnings per share 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 business had revenue of $785.66 million during the quarter, compared to the consensus estimate of $824.12 million. During the same period in the prior year, the company earned $1.19 EPS. Kirby's revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that Kirby Co. will post 6.57 EPS for the current year.

Kirby Company 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.