Jane Street Group LLC Purchases New Position in Kirby Co. (NYSE:KEX)

Jane Street Group LLC acquired a new stake in Kirby Co. (NYSE:KEX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,819 shares of the shipping company's stock, valued at approximately $11,513,000. Jane Street Group LLC owned about 0.19% of Kirby as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Appian Way Asset Management LP acquired a new position in shares of Kirby in the 4th quarter worth approximately $1,771,000. Freestone Grove Partners LP purchased a new position in shares of Kirby during the fourth quarter worth $472,000. Voleon Capital Management LP purchased a new position in shares of Kirby during the fourth quarter worth $1,310,000. AQR Capital Management LLC grew its stake in shares of Kirby by 22.1% in the fourth quarter. AQR Capital Management LLC now owns 277,188 shares of the shipping company's stock valued at $29,279,000 after buying an additional 50,223 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Kirby by 10.2% in the 4th quarter. Northern Trust Corp now owns 518,255 shares of the shipping company's stock valued at $54,831,000 after buying an additional 47,895 shares during the period. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America lowered their target price on Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a report on Friday, March 28th. Stifel Nicolaus lowered their price objective on shares of Kirby from $136.00 to $135.00 and set a "buy" rating for the company in a research note on Friday, January 31st.

Kirby Stock Down 0.1 %

KEX stock traded down $0.13 during mid-day trading on Friday, reaching $103.76. The company had a trading volume of 316,940 shares, compared to its average volume of 538,826. The firm has a fifty day simple moving average of $97.85 and a 200 day simple moving average of $108.10. 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 company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 21.13, 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 issued its earnings results on Thursday, May 1st. The shipping company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.06. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The firm had revenue of $785.66 million for the quarter, compared to analysts' expectations of $824.12 million. During the same quarter last year, the company earned $1.19 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. Analysts forecast that Kirby Co. will post 6.57 earnings per share for the current fiscal 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.