Linscomb & Williams Inc. Has $1,045,000 Position in Kirby Corporation (KEX)
Linscomb & Williams Inc. continued to hold its position in shares of Kirby Corporation (NYSE:KEX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,628 shares of the shipping company’s stock at the close of the 2nd quarter. Linscomb & Williams Inc.’s holdings in Kirby Corporation were worth $1,045,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Nomura Holdings Inc. acquired a new stake in Kirby Corporation in the second quarter valued at $344,000. Atlanta Capital Management Co. L L C grew its holdings in Kirby Corporation by 5.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 4,472,441 shares of the shipping company’s stock valued at $298,983,000 after purchasing an additional 213,303 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Kirby Corporation by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 79,295 shares of the shipping company’s stock valued at $5,302,000 after purchasing an additional 1,551 shares during the last quarter. BlueCrest Capital Management Ltd grew its holdings in Kirby Corporation by 15.8% in the second quarter. BlueCrest Capital Management Ltd now owns 13,359 shares of the shipping company’s stock valued at $893,000 after purchasing an additional 1,826 shares during the last quarter. Finally, Gotham Asset Management LLC grew its holdings in Kirby Corporation by 441.6% in the second quarter. Gotham Asset Management LLC now owns 104,774 shares of the shipping company’s stock valued at $7,004,000 after purchasing an additional 85,428 shares during the last quarter.
Several analysts have weighed in on the company. BidaskClub raised Kirby Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered Kirby Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Stifel Nicolaus lowered their target price on Kirby Corporation from $71.00 to $69.00 and set a “hold” rating on the stock in a report on Thursday, June 15th. Finally, Cowen and Company reissued a “hold” rating and issued a $70.00 target price on shares of Kirby Corporation in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $71.71.
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Shares of Kirby Corporation (KEX) traded up 1.08% during mid-day trading on Wednesday, hitting $65.65. The stock had a trading volume of 30,442 shares. The firm has a market cap of $3.55 billion, a P/E ratio of 30.11 and a beta of 1.01. The company has a 50 day moving average price of $63.87 and a 200 day moving average price of $65.84. Kirby Corporation has a 12-month low of $55.11 and a 12-month 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. The company had revenue of $473.33 million during the quarter, compared to analysts’ expectations of $478.85 million. Kirby Corporation had a return on equity of 4.85% and a net margin of 6.41%. Kirby Corporation’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. Equities analysts forecast that Kirby Corporation will post $1.96 earnings per share for the current fiscal 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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