Kirby Co. (NYSE:KEX) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC lifted its holdings in Kirby Co. (NYSE:KEXGet Rating) by 18,106.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,149,345 shares of the shipping company’s stock after acquiring an additional 1,143,032 shares during the period. Neuberger Berman Group LLC owned approximately 1.91% of Kirby worth $82,971,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JCP Investment Management LLC acquired a new stake in Kirby during the 1st quarter valued at $21,188,000. LMR Partners LLP acquired a new stake in Kirby during the 4th quarter valued at $1,345,000. Pacific Global Investment Management Co. grew its holdings in Kirby by 3.4% during the 1st quarter. Pacific Global Investment Management Co. now owns 27,703 shares of the shipping company’s stock valued at $2,000,000 after purchasing an additional 923 shares in the last quarter. Boston Partners grew its holdings in Kirby by 204.8% during the 1st quarter. Boston Partners now owns 69,302 shares of the shipping company’s stock valued at $5,003,000 after purchasing an additional 46,562 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Kirby by 7.0% during the 1st quarter. California Public Employees Retirement System now owns 132,814 shares of the shipping company’s stock valued at $9,588,000 after purchasing an additional 8,686 shares in the last quarter. 95.26% of the stock is owned by institutional investors and hedge funds.

Kirby Price Performance

Shares of KEX stock opened at $66.13 on Friday. The firm has a market cap of $3.96 billion, a P/E ratio of -19.06, a P/E/G ratio of 2.70 and a beta of 1.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.94 and a quick ratio of 1.26. Kirby Co. has a 1-year low of $47.58 and a 1-year high of $75.08. The firm has a fifty day moving average of $65.01 and a two-hundred day moving average of $65.73.

About Kirby

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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.

Further Reading

Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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