Fiduciary Management Inc. WI Has $56.75 Million Holdings in Kirby Corporation (KEX)

Fiduciary Management Inc. WI decreased its position in shares of Kirby Corporation (NYSE:KEX) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 848,859 shares of the shipping company’s stock after selling 13,444 shares during the period. Fiduciary Management Inc. WI owned approximately 1.57% of Kirby Corporation worth $56,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Huntington National Bank grew its holdings in shares of Kirby Corporation by 11.3% in 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 during the last quarter. World Asset Management Inc grew its holdings in Kirby Corporation by 0.9% during the 1st quarter. World Asset Management Inc now owns 3,300 shares of the shipping company’s stock worth $233,000 after acquiring an additional 28 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in Kirby Corporation by 70.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,929 shares of the shipping company’s stock worth $263,000 after acquiring an additional 1,629 shares in the last quarter. LS Investment Advisors LLC grew its holdings in Kirby Corporation by 16.9% during the 2nd quarter. LS Investment Advisors LLC now owns 4,291 shares of the shipping company’s stock worth $287,000 after acquiring an additional 620 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Kirby Corporation by 1.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,701 shares of the shipping company’s stock worth $330,000 after acquiring an additional 67 shares in the last quarter.

Shares of Kirby Corporation (KEX) traded up 0.55% during trading on Friday, hitting $64.15. The stock had a trading volume of 282,138 shares. The stock’s 50-day moving average price is $62.06 and its 200-day moving average price is $66.31. The company has a market cap of $3.46 billion, a P/E ratio of 29.40 and a beta of 1.01. Kirby Corporation has a one year low of $55.11 and a one year high of $74.50.

Kirby Corporation (NYSE:KEX) last announced its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a return on equity of 4.85% and a net margin of 6.41%. The company had revenue of $473.33 million during the quarter, compared to analysts’ expectations of $478.85 million. During the same quarter last year, the company earned $0.72 EPS. Kirby Corporation’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Kirby Corporation will post $1.95 EPS for the current fiscal year.

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Several brokerages have issued reports on KEX. BidaskClub cut shares of Kirby Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $85.00 price target on shares of Kirby Corporation in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $71.25.

Kirby Corporation 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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