Kirby Corporation (NYSE:KEX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Kirby Corporation (NYSE:KEX) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 686,538 shares of the shipping company’s stock after selling 4,608 shares during the period. Charles Schwab Investment Management Inc. owned 1.21% of Kirby worth $69,347,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. American Assets Investment Management LLC lifted its stake in shares of Kirby by 295.5% in the 1st quarter. American Assets Investment Management LLC now owns 41,845 shares of the shipping company’s stock worth $4,227,000 after acquiring an additional 31,265 shares during the period. ING Groep NV acquired a new stake in shares of Kirby in the 1st quarter worth $3,081,000. Bank of Nova Scotia acquired a new stake in shares of Kirby in the 1st quarter worth $3,182,000. PNC Financial Services Group Inc. lifted its stake in shares of Kirby by 58.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,994 shares of the shipping company’s stock worth $706,000 after acquiring an additional 2,592 shares during the period. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Kirby in the 1st quarter worth $385,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their price target 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 Stock Down 1.5%

KEX stock opened at $97.96 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.74 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $111.55 and its 200 day simple moving average is $105.59. The stock has a market cap of $5.47 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01. Kirby Corporation has a fifty-two week low of $83.94 and a fifty-two week high of $132.21.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Thursday, July 31st. The shipping company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.08. Kirby had a net margin of 9.25% and a return on equity of 10.02%. The company had revenue of $855.46 million during the quarter, compared to the consensus estimate of $851.94 million. During the same period in the prior year, the company earned $1.43 EPS. Kirby’s revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Kirby Corporation will post 6.57 EPS for the current year.

Kirby Company 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.