Wealth Enhancement Advisory Services LLC Has $792,000 Position in Kirby Corporation (NYSE:KEX)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Kirby Corporation (NYSE:KEX - Free Report) by 206.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,837 shares of the shipping company's stock after acquiring an additional 5,277 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Kirby were worth $792,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Huntington National Bank lifted its position in shares of 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 purchasing an additional 113 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position 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 worth $1,379,000 after buying an additional 124 shares during the period. Stifel Financial Corp lifted its holdings in shares of Kirby by 0.5% during the fourth quarter. Stifel Financial Corp now owns 29,047 shares of the shipping company's stock worth $3,073,000 after buying an additional 138 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Kirby by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 30,914 shares of the shipping company's stock worth $3,271,000 after buying an additional 140 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Kirby by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 25,508 shares of the shipping company's stock valued at $2,699,000 after acquiring an additional 160 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Kirby Stock Performance

Shares of NYSE KEX traded down $0.49 during mid-day trading on Thursday, hitting $116.90. The company had a trading volume of 527,752 shares, compared to its average volume of 544,171. Kirby Corporation has a 12 month low of $83.94 and a 12 month high of $132.21. The firm has a market cap of $6.56 billion, a P/E ratio of 23.15, a PEG ratio of 1.03 and a beta of 0.96. The business's 50-day simple moving average is $108.91 and its 200-day simple moving average is $104.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.58 and a quick ratio of 0.96.

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

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted 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.

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.