Vanguard Personalized Indexing Management LLC Has $716,000 Position in Kirby Corporation $KEX

Vanguard Personalized Indexing Management LLC lifted its holdings in Kirby Corporation (NYSE:KEX) by 29.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,315 shares of the shipping company’s stock after buying an additional 1,455 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Kirby were worth $716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Kirby by 244.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 231 shares of the shipping company’s stock worth $26,000 after buying an additional 164 shares in the last quarter. Maseco LLP purchased a new position in shares of Kirby during the 2nd quarter valued at $28,000. IFP Advisors Inc acquired a new position in shares of Kirby in the second quarter worth $29,000. KBC Group NV acquired a new position in shares of Kirby in the first quarter worth $32,000. Finally, Brooklyn Investment Group raised its holdings in shares of Kirby by 40.7% during the first quarter. Brooklyn Investment Group now owns 394 shares of the shipping company’s stock worth $40,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Analyst Ratings Changes

KEX has been the topic of several recent research reports. Zacks Research raised shares of Kirby from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Bank of America cut their price target on shares of Kirby from $110.00 to $107.00 and set a “buy” rating on the stock in a report on Wednesday, September 3rd. Citigroup initiated coverage on shares of Kirby in a report on Monday, September 22nd. They issued a “neutral” rating and a $91.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kirby in a report on Wednesday, October 8th. Finally, Evercore ISI reduced their price target on Kirby from $122.00 to $109.00 and set an “outperform” rating for the company in a research report on Thursday, October 9th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $113.40.

Kirby Trading Up 1.1%

Shares of Kirby stock opened at $86.47 on Tuesday. The company’s fifty day moving average price is $88.93 and its two-hundred day moving average price is $100.87. The firm has a market capitalization of $4.83 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 0.89 and a beta of 1.00. Kirby Corporation has a 52-week low of $79.51 and a 52-week high of $132.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.74 and a quick ratio of 1.12.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, July 31st. The shipping company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.08. The company had revenue of $855.46 million during the quarter, compared to analysts’ expectations of $851.94 million. Kirby had a return on equity of 10.02% and a net margin of 9.25%.The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.43 earnings per share. On average, 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.