Two Sigma Investments LP Has $8.71 Million Stock Position in Kirby Co. (NYSE:KEX)

Two Sigma Investments LP increased its position in shares of Kirby Co. (NYSE:KEX - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,296 shares of the shipping company's stock after acquiring an additional 9,722 shares during the period. Two Sigma Investments LP owned about 0.14% of Kirby worth $8,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC purchased a new stake in shares of Kirby during the 4th quarter worth about $25,000. Colonial Trust Co SC increased its holdings in Kirby by 295.3% in the fourth quarter. Colonial Trust Co SC now owns 253 shares of the shipping company's stock worth $27,000 after buying an additional 189 shares during the last quarter. LGT Financial Advisors LLC bought a new position in Kirby during the fourth quarter valued at approximately $63,000. R Squared Ltd bought a new position in Kirby during the fourth quarter valued at approximately $76,000. Finally, Quarry LP acquired a new stake in Kirby in the fourth quarter valued at approximately $133,000. Institutional investors and hedge funds own 96.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KEX. Stifel Nicolaus dropped their price target on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Bank of America increased their target price on shares of Kirby from $116.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday, May 16th.

Kirby Stock Performance

Kirby stock traded down $1.35 during trading hours on Friday, reaching $110.26. 73,591 shares of the company were exchanged, compared to its average volume of 542,863. Kirby Co. has a 12 month low of $83.94 and a 12 month high of $132.21. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $100.77 and a 200 day moving average of $106.89. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 0.88 and a beta of 0.91.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings data 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. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The business had revenue of $785.66 million during the quarter, compared to analysts' expectations of $824.12 million. During the same period in the previous year, the company earned $1.19 earnings per share. Kirby's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current year.

Kirby 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.