UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 3,015 Shares of Kirby Co. (NYSE:KEX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kirby Co. (NYSE:KEX - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,245 shares of the shipping company's stock after purchasing an additional 3,015 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Kirby worth $7,644,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Kirby by 1.6% during the fourth quarter. Wellington Management Group LLP now owns 1,762,651 shares of the shipping company's stock worth $186,488,000 after buying an additional 28,259 shares during the period. Select Equity Group L.P. raised its holdings in Kirby by 59.0% during the fourth 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 during the last quarter. First Trust Advisors LP grew its stake 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 acquiring an additional 359,770 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Kirby by 14.1% during the 4th 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 lifted its position in shares of Kirby by 11.3% in 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 in the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Kirby Stock Performance

Shares of Kirby stock traded down $1.07 on Thursday, reaching $110.36. The stock had a trading volume of 27,543 shares, compared to its average volume of 608,303. The business's 50-day moving average price is $101.49 and its two-hundred day moving average price is $106.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 1.45. The stock has a market cap of $6.19 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. Kirby Co. has a fifty-two week low of $83.94 and a fifty-two week high of $132.21.

Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $824.12 million. During the same period in the previous year, the firm posted $1.19 earnings per share. Kirby's revenue for the quarter was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast 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.