Susquehanna Fundamental Investments LLC Takes Position in Kirby Co. (NYSE:KEX)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Kirby Co. (NYSE:KEX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 55,181 shares of the shipping company's stock, valued at approximately $5,838,000. Susquehanna Fundamental Investments LLC owned 0.10% of Kirby as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of KEX. Empowered Funds LLC acquired a new stake in shares of Kirby during the fourth quarter worth $25,000. R Squared Ltd purchased a new position in Kirby during the fourth quarter worth approximately $76,000. Canada Pension Plan Investment Board boosted its holdings in shares of Kirby by 433.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the shipping company's stock valued at $169,000 after purchasing an additional 1,300 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Kirby by 13.1% during the 4th quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock worth $185,000 after buying an additional 202 shares during the last quarter. Finally, Huntington National Bank grew its position in Kirby by 6.8% during the fourth quarter. Huntington National Bank now owns 1,781 shares of the shipping company's stock valued at $188,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 96.15% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on KEX shares. Bank of America reduced their price objective on Kirby from $133.00 to $123.00 and set a "buy" rating on the stock in a research note 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 report on Friday, January 31st. Finally, StockNews.com cut shares of Kirby from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th.

Insider Activity at Kirby

In other news, VP Scott P. Miller sold 1,244 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value of $133,866.84. Following the completion of the sale, the vice president now owns 5,545 shares of the company's stock, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Kirby Stock Up 5.3 %

Shares of Kirby stock traded up $5.30 during trading hours on Friday, hitting $104.88. 1,107,886 shares of the company's stock traded hands, compared to its average volume of 540,006. The company has a quick ratio of 1.05, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Kirby Co. has a twelve month low of $83.94 and a twelve month high of $132.21. The stock has a 50 day simple moving average of $97.67 and a 200-day simple moving average of $108.67. The company has a market cap of $5.97 billion, a PE ratio of 21.36, a PEG ratio of 0.88 and a beta of 0.99.

Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The shipping company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.06. The company had revenue of $785.66 million for the quarter, compared to the consensus estimate of $824.12 million. Kirby had a return on equity of 9.71% and a net margin of 8.78%. Kirby's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. Equities research analysts anticipate that Kirby Co. will post 6.57 earnings per share for the current fiscal year.

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.