Kirby Corporation (NYSE:KEX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of Kirby Corporation (NYSE:KEX - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,789,554 shares of the shipping company's stock after selling 276,975 shares during the period. Vanguard Group Inc. owned about 10.18% of Kirby worth $584,803,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Kirby by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 132,089 shares of the shipping company's stock worth $13,342,000 after buying an additional 470 shares during the last quarter. Blue Trust Inc. raised its holdings in Kirby by 28.7% during the first quarter. Blue Trust Inc. now owns 668 shares of the shipping company's stock worth $67,000 after purchasing an additional 149 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Kirby by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 77,641 shares of the shipping company's stock worth $7,842,000 after acquiring an additional 3,924 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Kirby by 53.4% in the first quarter. GAMMA Investing LLC now owns 672 shares of the shipping company's stock worth $68,000 after acquiring an additional 234 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Kirby by 30.9% in the first quarter. Janney Montgomery Scott LLC now owns 11,075 shares of the shipping company's stock worth $1,119,000 after acquiring an additional 2,616 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

Kirby Trading Down 1.4%

Shares of NYSE:KEX traded down $1.33 during midday trading on Friday, reaching $96.59. The company's stock had a trading volume of 423,569 shares, compared to its average volume of 883,619. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.96 and a beta of 1.01. The company has a quick ratio of 0.96, a current ratio of 1.74 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 business has a 50 day moving average price of $111.24 and a 200 day moving average price of $105.52.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The shipping company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.08. The business had revenue of $855.46 million during the quarter, compared to the consensus estimate of $851.94 million. Kirby had a return on equity of 10.02% and a net margin of 9.25%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Research analysts forecast that Kirby Corporation will post 6.57 EPS for the current year.

Analyst Ratings Changes

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

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.