Boothbay Fund Management LLC bought a new position in shares of Kirby Co. (NYSE:KEX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,166 shares of the shipping company’s stock, valued at approximately $209,000.

Several other large investors also recently modified their holdings of the company. Citigroup Inc. increased its position in shares of Kirby by 0.6% during the second quarter. Citigroup Inc. now owns 7,699 shares of the shipping company’s stock worth $515,000 after acquiring an additional 48 shares during the period. CIBC Asset Management Inc increased its position in shares of Kirby by 1.7% during the second quarter. CIBC Asset Management Inc now owns 4,903 shares of the shipping company’s stock worth $328,000 after acquiring an additional 80 shares during the period. Utah Retirement Systems increased its position in shares of Kirby by 1.0% during the second quarter. Utah Retirement Systems now owns 9,739 shares of the shipping company’s stock worth $651,000 after acquiring an additional 100 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Kirby by 0.4% during the second quarter. Great West Life Assurance Co. Can now owns 27,882 shares of the shipping company’s stock worth $1,862,000 after acquiring an additional 117 shares during the period. Finally, Aperio Group LLC increased its position in shares of Kirby by 2.2% during the second quarter. Aperio Group LLC now owns 10,386 shares of the shipping company’s stock worth $694,000 after acquiring an additional 222 shares during the period. 96.59% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $67.00 target price on shares of Kirby in a research report on Friday, November 3rd. Jefferies Group reissued a “buy” rating and set a $85.00 price objective on shares of Kirby in a report on Monday, October 16th. Finally, BidaskClub raised shares of Kirby from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $75.40.

Kirby Co. (NYSE:KEX) opened at $63.60 on Thursday. The stock has a market cap of $3,805.68, a P/E ratio of 30.21, a P/E/G ratio of 3.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93. Kirby Co. has a 1-year low of $59.25 and a 1-year high of $74.50.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, November 1st. The shipping company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. The company had revenue of $541.30 million for the quarter, compared to analyst estimates of $517.54 million. Kirby had a net margin of 5.88% and a return on equity of 4.48%. Kirby’s revenue was up 24.5% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. equities analysts predict that Kirby Co. will post 2.01 EPS for the current year.

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About Kirby

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 (NYSE:KEX)

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