Nationwide Fund Advisors lifted its position in Kirby Corporation (NYSE:KEX) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,188 shares of the shipping company’s stock after acquiring an additional 1,046 shares during the quarter. Nationwide Fund Advisors owned 0.19% of Kirby Corporation worth $6,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank increased its holdings in shares of Kirby Corporation by 11.3% in the 2nd quarter. Huntington National Bank now owns 2,453 shares of the shipping company’s stock valued at $164,000 after acquiring an additional 249 shares during the last quarter. World Asset Management Inc raised its position in shares of Kirby Corporation by 0.9% during the 1st quarter. World Asset Management Inc now owns 3,300 shares of the shipping company’s stock valued at $233,000 after acquiring an additional 28 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Kirby Corporation by 70.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,929 shares of the shipping company’s stock valued at $263,000 after acquiring an additional 1,629 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Kirby Corporation by 16.9% during the 2nd quarter. LS Investment Advisors LLC now owns 4,291 shares of the shipping company’s stock valued at $287,000 after acquiring an additional 620 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Kirby Corporation by 1.7% during the 2nd quarter. CIBC Asset Management Inc now owns 4,903 shares of the shipping company’s stock valued at $328,000 after acquiring an additional 80 shares in the last quarter.

Kirby Corporation (NYSE KEX) opened at 65.95 on Monday. Kirby Corporation has a 52 week low of $55.11 and a 52 week high of $74.50. The company has a market capitalization of $3.56 billion, a P/E ratio of 30.22 and a beta of 1.01. The company’s 50-day moving average price is $62.22 and its 200-day moving average price is $66.18.

Kirby Corporation (NYSE:KEX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Kirby Corporation had a return on equity of 4.85% and a net margin of 6.41%. The company had revenue of $473.33 million for the quarter, compared to the consensus estimate of $478.85 million. During the same period in the previous year, the business earned $0.72 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Kirby Corporation will post $1.95 EPS for the current fiscal year.

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Several analysts have weighed in on KEX shares. Zacks Investment Research upgraded shares of Kirby Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub raised shares of Kirby Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus reduced their price target on shares of Kirby Corporation from $71.00 to $69.00 and set a “hold” rating on the stock in a research report on Thursday, June 15th. Finally, Cowen and Company restated a “hold” rating and issued a $70.00 price target on shares of Kirby Corporation in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Kirby Corporation has a consensus rating of “Hold” and a consensus target price of $71.71.

About Kirby Corporation

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

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Institutional Ownership by Quarter for Kirby Corporation (NYSE:KEX)

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