Ethic Inc. Has $360,000 Stake in Kirby Co. (NYSE:KEX)

Ethic Inc. reduced its holdings in shares of Kirby Co. (NYSE:KEX) by 15.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,399 shares of the shipping company’s stock after selling 616 shares during the period. Ethic Inc.’s holdings in Kirby were worth $360,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in KEX. Janney Montgomery Scott LLC grew its stake in Kirby by 1.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 8,459 shares of the shipping company’s stock worth $895,000 after purchasing an additional 108 shares during the period. Huntington National Bank grew its position in shares of Kirby by 6.8% during the 4th quarter. Huntington National Bank now owns 1,781 shares of the shipping company’s stock worth $188,000 after buying an additional 113 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Kirby by 1.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,035 shares of the shipping company’s stock valued at $1,379,000 after acquiring an additional 124 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Kirby by 0.5% in the 4th quarter. Stifel Financial Corp now owns 29,047 shares of the shipping company’s stock valued at $3,073,000 after acquiring an additional 138 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Kirby by 0.5% during the 4th quarter. Corient Private Wealth LLC now owns 30,914 shares of the shipping company’s stock valued at $3,271,000 after acquiring an additional 140 shares during the period. 96.15% of the stock is owned by institutional investors.

Kirby Stock Up 1.1%

Shares of NYSE KEX opened at $110.32 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.45 and a quick ratio of 1.05. The company has a 50-day moving average price of $99.04 and a 200-day moving average price of $107.60. The stock has a market capitalization of $6.19 billion, a P/E ratio of 22.47, a P/E/G ratio of 0.88 and a beta of 0.91. Kirby Co. has a 1 year low of $83.94 and a 1 year high of $132.21.

Kirby (NYSE:KEX) last posted its earnings results on Thursday, May 1st. The shipping company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.06. Kirby had a return on equity of 9.71% and a net margin of 8.78%. The company had revenue of $785.66 million for the quarter, compared to analyst estimates of $824.12 million. During the same quarter last year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts forecast that Kirby Co. will post 6.57 EPS for the current fiscal year.

Analyst Ratings Changes

KEX has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of 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 increased their price target on Kirby from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Friday.

Kirby Company 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.