14,511 Shares in Kirby Corporation (NYSE:KEX) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Kirby Corporation (NYSE:KEX) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,511 shares of the shipping company’s stock, valued at approximately $1,466,000.

A number of other large investors also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Kirby by 0.4% during the first quarter. Principal Financial Group Inc. now owns 132,089 shares of the shipping company’s stock worth $13,342,000 after purchasing an additional 470 shares in the last quarter. Blue Trust Inc. grew its position in Kirby by 28.7% during the first quarter. Blue Trust Inc. now owns 668 shares of the shipping company’s stock worth $67,000 after buying an additional 149 shares during the period. Envestnet Asset Management Inc. increased its stake in Kirby by 5.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 77,641 shares of the shipping company’s stock valued at $7,842,000 after purchasing an additional 3,924 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Kirby by 53.4% in the first quarter. GAMMA Investing LLC now owns 672 shares of the shipping company’s stock valued at $68,000 after buying an additional 234 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Kirby by 206.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,837 shares of the shipping company’s stock worth $792,000 after acquiring an additional 5,277 shares during the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kirby Price Performance

KEX stock opened at $95.34 on Friday. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.07 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 0.33. Kirby Corporation has a 52-week low of $83.94 and a 52-week high of $132.21. The stock’s fifty day simple moving average is $113.86 and its 200-day simple moving average is $106.32.

Kirby (NYSE:KEX) last released its earnings results on Thursday, July 31st. The shipping company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. The firm had revenue of $855.46 million for the quarter, compared to the consensus estimate of $851.94 million. Kirby had a return on equity of 9.81% and a net margin of 9.02%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 earnings per share. Equities research analysts expect that Kirby Corporation will post 6.57 EPS for the current year.

Kirby Profile

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.