Sei Investments Co. raised its position in Kirby Co. (NYSE:KEX) by 30.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,452 shares of the shipping company’s stock after purchasing an additional 7,806 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Kirby worth $2,207,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KEX. FMR LLC grew its stake in Kirby by 4.4% in the first quarter. FMR LLC now owns 14,300 shares of the shipping company’s stock valued at $1,009,000 after purchasing an additional 600 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Kirby by 2.0% during the 2nd quarter. Capstone Asset Management Co. now owns 6,019 shares of the shipping company’s stock worth $402,000 after acquiring an additional 120 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Kirby by 2.2% during the 2nd quarter. Aperio Group LLC now owns 10,386 shares of the shipping company’s stock worth $694,000 after acquiring an additional 222 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Kirby by 1.8% during the 2nd quarter. State Treasurer State of Michigan now owns 22,300 shares of the shipping company’s stock worth $1,491,000 after acquiring an additional 400 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of Kirby during the 2nd quarter worth about $439,000. Hedge funds and other institutional investors own 96.59% of the company’s stock.

Shares of Kirby Co. (NYSE:KEX) opened at $66.60 on Friday. The stock has a market capitalization of $3,975.82, a PE ratio of 31.56, a PEG ratio of 4.14 and a beta of 1.04. Kirby Co. has a 52 week low of $59.25 and a 52 week high of $74.50. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93.

Kirby (NYSE:KEX) last released its quarterly earnings results on Wednesday, November 1st. The shipping company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.08. The company had revenue of $541.30 million during the quarter, compared to the consensus estimate of $517.54 million. Kirby had a return on equity of 4.48% and a net margin of 5.88%. The firm’s revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. research analysts expect that Kirby Co. will post 2.01 earnings per share for the current year.

Several analysts have recently issued reports on KEX shares. BidaskClub upgraded Kirby from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Stifel Nicolaus reiterated a “hold” rating and set a $67.00 price target on shares of Kirby in a research note on Friday, November 3rd. Finally, Jefferies Group reiterated a “buy” rating and set a $85.00 price target on shares of Kirby in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Kirby presently has a consensus rating of “Hold” and an average target price of $75.40.

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About Kirby

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.

Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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