Tudor Investment Corp ET AL lifted its position in shares of Kirby Corporation (NYSE:KEX) by 98.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,512 shares of the shipping company’s stock after purchasing an additional 5,224 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Kirby Corporation were worth $703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Huntington National Bank boosted its position in shares of Kirby Corporation by 11.3% during the second quarter. Huntington National Bank now owns 2,453 shares of the shipping company’s stock worth $164,000 after purchasing an additional 249 shares in the last quarter. World Asset Management Inc boosted its position in shares of Kirby Corporation by 12.7% during the second quarter. World Asset Management Inc now owns 3,718 shares of the shipping company’s stock worth $249,000 after purchasing an additional 418 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Kirby Corporation by 70.8% during the second quarter. Riverhead Capital Management LLC now owns 3,929 shares of the shipping company’s stock worth $263,000 after purchasing an additional 1,629 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Kirby Corporation by 16.9% during the second quarter. LS Investment Advisors LLC now owns 4,291 shares of the shipping company’s stock worth $287,000 after purchasing an additional 620 shares in the last quarter. Finally, Suntrust Banks Inc. bought a new position in shares of Kirby Corporation during the second quarter worth $289,000.

A number of equities analysts have recently weighed in on KEX shares. Zacks Investment Research cut shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Cowen and Company restated a “hold” rating and set a $70.00 price objective on shares of Kirby Corporation in a report on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and set a $69.00 price objective on shares of Kirby Corporation in a report on Friday, July 28th. Finally, BidaskClub upgraded shares of Kirby Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Kirby Corporation currently has a consensus rating of “Hold” and a consensus target price of $71.71.

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Shares of Kirby Corporation (NYSE:KEX) opened at 63.95 on Friday. Kirby Corporation has a one year low of $55.11 and a one year high of $74.50. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 29.31 and a beta of 1.01. The company’s 50 day moving average is $63.58 and its 200-day moving average is $65.91.

Kirby Corporation (NYSE:KEX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.85%. The firm had revenue of $473.33 million for the quarter, compared to analyst estimates of $478.85 million. During the same period last year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that Kirby Corporation will post $1.96 EPS for the current year.

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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