PharVision Advisers LLC Takes Position in Kirby Co. (NYSE:KEX)

PharVision Advisers LLC bought a new stake in Kirby Co. (NYSE:KEX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,423 shares of the shipping company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in Kirby during the 4th quarter valued at approximately $25,000. Colonial Trust Co SC increased its holdings in shares of Kirby by 295.3% in the 4th quarter. Colonial Trust Co SC now owns 253 shares of the shipping company’s stock worth $27,000 after purchasing an additional 189 shares in the last quarter. LGT Financial Advisors LLC bought a new stake in shares of Kirby in the 4th quarter worth $63,000. R Squared Ltd bought a new stake in shares of Kirby in the 4th quarter worth $76,000. Finally, Quarry LP bought a new stake in shares of Kirby in the fourth quarter worth $133,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Trading Down 0.6%

Shares of NYSE KEX opened at $107.24 on Friday. The business’s 50 day moving average is $99.91 and its two-hundred day moving average is $107.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. Kirby Co. has a 1-year low of $83.94 and a 1-year high of $132.21. The stock has a market capitalization of $6.02 billion, a P/E ratio of 21.84, a PEG ratio of 0.88 and a beta of 0.91.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, May 1st. The shipping company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.06. The company had revenue of $785.66 million for the quarter, compared to analysts’ expectations of $824.12 million. Kirby had a return on equity of 9.71% and a net margin of 8.78%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 earnings per share. As a group, research analysts expect that Kirby Co. will post 6.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KEX shares. Stifel Nicolaus cut their price objective on Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a report on Friday, January 31st. Bank of America boosted their price objective on Kirby from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, May 16th.

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.