Aperio Group LLC Has $694,000 Stake in Kirby Corporation (KEX)
Aperio Group LLC increased its stake in Kirby Corporation (NYSE:KEX) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,386 shares of the shipping company’s stock after buying an additional 222 shares during the period. Aperio Group LLC’s holdings in Kirby Corporation were worth $694,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Kirby Corporation by 12,366.8% in the first quarter. BlackRock Inc. now owns 5,003,672 shares of the shipping company’s stock valued at $353,010,000 after buying an additional 4,963,536 shares during the period. Vanguard Group Inc. raised its stake in Kirby Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 4,159,390 shares of the shipping company’s stock valued at $293,445,000 after buying an additional 208,693 shares during the period. Dimensional Fund Advisors LP raised its stake in Kirby Corporation by 11.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,903,448 shares of the shipping company’s stock valued at $134,285,000 after buying an additional 195,368 shares during the period. Bank of New York Mellon Corp raised its stake in Kirby Corporation by 33.6% in the first quarter. Bank of New York Mellon Corp now owns 1,275,763 shares of the shipping company’s stock valued at $90,006,000 after buying an additional 320,566 shares during the period. Finally, FIL Ltd raised its stake in Kirby Corporation by 117.5% in the first quarter. FIL Ltd now owns 1,228,040 shares of the shipping company’s stock valued at $86,638,000 after buying an additional 663,539 shares during the period.
Shares of Kirby Corporation (NYSE KEX) traded up 0.42% during mid-day trading on Tuesday, hitting $60.30. The company had a trading volume of 108,002 shares. Kirby Corporation has a one year low of $50.80 and a one year high of $74.50. The company has a market capitalization of $3.26 billion, a PE ratio of 27.64 and a beta of 1.01. The company’s 50-day moving average is $63.27 and its 200 day moving average is $67.30.
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, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.85%. The business had revenue of $473.33 million for the quarter, compared to analyst estimates of $478.85 million. During the same period in the previous year, the company earned $0.72 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Kirby Corporation will post $1.95 EPS for the current fiscal year.
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Several analysts have recently issued reports on KEX shares. BidaskClub lowered Kirby Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Kirby Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Jefferies Group LLC reissued a “buy” rating and set a $85.00 target price on shares of Kirby Corporation in a report on Tuesday, May 30th. Cowen and Company increased their target price on Kirby Corporation from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Thursday, April 27th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $69.00 target price 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 given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price 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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