Mutual of America Capital Management LLC grew its holdings in Kirby Corporation (NYSE:KEX) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,841 shares of the shipping company’s stock after buying an additional 867 shares during the period. Mutual of America Capital Management LLC owned 0.25% of Kirby Corporation worth $9,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KEX. Great West Life Assurance Co. Can lifted its position in shares of Kirby Corporation by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 27,765 shares of the shipping company’s stock valued at $1,958,000 after buying an additional 1,209 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Kirby Corporation by 22.6% in the first quarter. Advisors Asset Management Inc. now owns 5,932 shares of the shipping company’s stock valued at $419,000 after buying an additional 1,092 shares during the last quarter. Comerica Bank lifted its position in shares of Kirby Corporation by 3.6% in the first quarter. Comerica Bank now owns 41,661 shares of the shipping company’s stock valued at $2,981,000 after buying an additional 1,455 shares during the last quarter. World Asset Management Inc lifted its position in shares of Kirby Corporation by 0.9% in the first quarter. World Asset Management Inc now owns 3,300 shares of the shipping company’s stock valued at $233,000 after buying an additional 28 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Kirby Corporation by 16.3% in the first quarter. UBS Asset Management Americas Inc. now owns 30,690 shares of the shipping company’s stock valued at $2,165,000 after buying an additional 4,303 shares during the last quarter.

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Shares of Kirby Corporation (NYSE:KEX) traded up 0.23% during midday trading on Monday, hitting $64.30. 39,117 shares of the stock were exchanged. Kirby Corporation has a 12 month low of $55.09 and a 12 month high of $74.50. The firm’s 50-day moving average is $62.06 and its 200-day moving average is $66.31. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 29.47 and a beta of 1.01.

Kirby Corporation (NYSE:KEX) last released its quarterly earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $473.33 million for the quarter, compared to the consensus estimate of $478.85 million. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.85%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Equities research analysts predict that Kirby Corporation will post $1.95 earnings per share for the current year.

A number of analysts have recently issued reports on KEX shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Kirby Corporation in a research report on Tuesday, May 30th. BidaskClub raised Kirby Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus dropped their price target on Kirby Corporation from $71.00 to $69.00 and set a “hold” rating for the company in a report on Thursday, June 15th. Zacks Investment Research cut Kirby Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Cowen and Company reissued a “hold” rating and set a $70.00 price target on shares of Kirby Corporation in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $71.25.

Kirby Corporation Company Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

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Institutional Ownership by Quarter for Kirby Corporation (NYSE:KEX)

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