Mason Street Advisors LLC purchased a new position in shares of Kirby Corp. (NYSE:KEX) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 24,564 shares of the company’s stock, valued at approximately $1,533,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Kirby Corp. by 19.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 24,851 shares of the company’s stock worth $1,308,000 after buying an additional 4,019 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Kirby Corp. by 30.0% in the first quarter. Glenmede Trust Co. NA now owns 12,805 shares of the company’s stock worth $771,000 after buying an additional 2,955 shares during the last quarter. Aperio Group LLC increased its position in shares of Kirby Corp. by 28.0% in the first quarter. Aperio Group LLC now owns 11,761 shares of the company’s stock worth $709,000 after buying an additional 2,575 shares during the last quarter. Pacad Investment Ltd. increased its position in shares of Kirby Corp. by 20.2% in the first quarter. Pacad Investment Ltd. now owns 17,555 shares of the company’s stock worth $1,058,000 after buying an additional 2,955 shares during the last quarter. Finally, Ngam Advisors L.P. increased its position in shares of Kirby Corp. by 21.4% in the first quarter. Ngam Advisors L.P. now owns 132,296 shares of the company’s stock worth $7,975,000 after buying an additional 23,360 shares during the last quarter. 99.43% of the stock is owned by hedge funds and other institutional investors.

Kirby Corp. (NYSE:KEX) opened at 56.11 on Monday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 16.46 and a beta of 1.11. The stock’s 50 day moving average is $54.51 and its 200-day moving average is $61.44. Kirby Corp. has a 12 month low of $44.63 and a 12 month high of $73.25.

Kirby Corp. (NYSE:KEX) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $441.60 million for the quarter, compared to analyst estimates of $454.12 million. Kirby Corp. had a net margin of 9.63% and a return on equity of 8.02%. Kirby Corp.’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. On average, equities research analysts expect that Kirby Corp. will post $2.61 earnings per share for the current year.

KEX has been the subject of a number of analyst reports. Vetr downgraded shares of Kirby Corp. from a “hold” rating to a “sell” rating and set a $67.34 price target for the company. in a report on Thursday, May 26th. Zacks Investment Research downgraded shares of Kirby Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Credit Suisse Group AG downgraded shares of Kirby Corp. from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a report on Tuesday, June 21st. Finally, Wells Fargo & Co. downgraded shares of Kirby Corp. from a “market perform” rating to an “underperform” rating and set a $46.00 price target for the company. in a report on Monday, July 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Kirby Corp. currently has a consensus rating of “Hold” and a consensus price target of $60.33.

Kirby Corp. Company Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Company, through its Marine Transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all the three United States coasts and in Alaska and Hawaii.

5 Day Chart for NYSE:KEX

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