18,282 Shares in Kirby Corporation $KEX Purchased by Strs Ohio

Strs Ohio acquired a new position in Kirby Corporation (NYSE:KEX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,282 shares of the shipping company’s stock, valued at approximately $1,847,000.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Kirby in the 1st quarter worth about $28,000. KBC Group NV acquired a new stake in Kirby in the 1st quarter worth about $32,000. UMB Bank n.a. boosted its holdings in Kirby by 147.2% in the 1st quarter. UMB Bank n.a. now owns 351 shares of the shipping company’s stock worth $35,000 after buying an additional 209 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Kirby by 40.7% in the 1st quarter. Brooklyn Investment Group now owns 394 shares of the shipping company’s stock worth $40,000 after buying an additional 114 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in Kirby in the 1st quarter worth approximately $44,000. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Kirby Stock Up 0.1%

KEX stock opened at $84.58 on Wednesday. The firm has a market cap of $4.72 billion, a PE ratio of 15.99, a PEG ratio of 0.86 and a beta of 1.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.74. The firm’s 50 day moving average price is $102.02 and its 200-day moving average price is $103.48. Kirby Corporation has a one year low of $83.83 and a one year high of $132.21.

Kirby (NYSE:KEX) last released its quarterly earnings results on Thursday, July 31st. The shipping company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.59 by $0.08. Kirby had a net margin of 9.25% and a return on equity of 10.02%. The firm had revenue of $855.46 million for the quarter, compared to analyst estimates of $851.94 million. During the same quarter in the previous year, the company earned $1.43 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Kirby Corporation will post 6.57 EPS for the current year.

Analyst Ratings Changes

KEX has been the topic of a number of research reports. Bank of America decreased their target price on shares of Kirby from $110.00 to $107.00 and set a “buy” rating on the stock in a research note on Wednesday, September 3rd. Zacks Research raised shares of Kirby from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Kirby presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.