Yousif Capital Management LLC Sells 519 Shares of Kirby Co. (NYSE:KEX)

Yousif Capital Management LLC trimmed its position in Kirby Co. (NYSE:KEX) by 2.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,787 shares of the shipping company’s stock after selling 519 shares during the period. Yousif Capital Management LLC’s holdings in Kirby were worth $1,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KEX. Wellington Management Group LLP increased its holdings in shares of Kirby by 1.6% during the fourth quarter. Wellington Management Group LLP now owns 1,762,651 shares of the shipping company’s stock valued at $186,488,000 after acquiring an additional 28,259 shares in the last quarter. Select Equity Group L.P. grew its position in Kirby by 59.0% in the 4th quarter. Select Equity Group L.P. now owns 1,565,693 shares of the shipping company’s stock valued at $165,650,000 after purchasing an additional 581,215 shares during the period. First Trust Advisors LP increased its stake in Kirby by 69.7% during the 4th quarter. First Trust Advisors LP now owns 876,292 shares of the shipping company’s stock valued at $92,712,000 after purchasing an additional 359,770 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Kirby by 14.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 815,008 shares of the shipping company’s stock worth $86,228,000 after buying an additional 100,655 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in Kirby by 11.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 754,785 shares of the shipping company’s stock worth $79,856,000 after buying an additional 76,436 shares during the last quarter. 96.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America lifted their price objective on shares of Kirby from $116.00 to $125.00 and gave the company a “buy” rating in a report on Friday, May 16th.

Kirby Price Performance

KEX opened at $110.63 on Monday. The firm’s fifty day moving average price is $103.90 and its two-hundred day moving average price is $105.30. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 22.53, a P/E/G ratio of 0.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. Kirby Co. has a 1 year low of $83.94 and a 1 year high of $132.21.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, May 1st. The shipping company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.06. The business had revenue of $785.66 million during the quarter, compared to the consensus estimate of $824.12 million. Kirby had a net margin of 8.78% and a return on equity of 9.71%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. As a group, 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.