Tudor Investment Corp ET AL Invests $8.77 Million in Kirby Corporation $KEX

Tudor Investment Corp ET AL purchased a new stake in Kirby Corporation (NYSE:KEX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 105,118 shares of the shipping company’s stock, valued at approximately $8,772,000. Tudor Investment Corp ET AL owned about 0.19% of Kirby at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Corp purchased a new stake in Kirby in the 3rd quarter valued at $30,000. Frazier Financial Advisors LLC raised its position in Kirby by 559.3% in the 3rd quarter. Frazier Financial Advisors LLC now owns 567 shares of the shipping company’s stock valued at $47,000 after purchasing an additional 481 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Kirby in the 3rd quarter valued at $53,000. FNY Investment Advisers LLC purchased a new stake in Kirby in the 3rd quarter valued at $56,000. Finally, Huntington National Bank raised its position in Kirby by 21.0% in the 3rd quarter. Huntington National Bank now owns 932 shares of the shipping company’s stock valued at $78,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Stock Up 1.0%

Shares of Kirby stock opened at $137.24 on Tuesday. The company has a market cap of $7.36 billion, a P/E ratio of 21.68, a PEG ratio of 1.22 and a beta of 0.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.96 and a current ratio of 1.53. Kirby Corporation has a one year low of $79.51 and a one year high of $137.96. The firm has a fifty day moving average of $128.16 and a two-hundred day moving average of $112.98.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Thursday, January 29th. The shipping company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. Kirby had a net margin of 10.54% and a return on equity of 10.53%. The company had revenue of $851.78 million during the quarter, compared to the consensus estimate of $857.82 million. During the same quarter in the prior year, the firm earned $1.29 EPS. Kirby’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts forecast that Kirby Corporation will post 6.57 earnings per share for the current year.

Insider Buying and Selling at Kirby

In other news, VP Ronald A. Dragg sold 5,429 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $122.00, for a total transaction of $662,338.00. Following the transaction, the vice president directly owned 10,399 shares of the company’s stock, valued at $1,268,678. This represents a 34.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Amy D. Husted sold 11,667 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $129.33, for a total transaction of $1,508,893.11. Following the transaction, the vice president directly owned 14,814 shares in the company, valued at approximately $1,915,894.62. This trade represents a 44.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 71,495 shares of company stock worth $9,226,173. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on KEX shares. BTIG Research reduced their price target on shares of Kirby from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Wolfe Research restated an “outperform” rating and set a $136.00 price objective on shares of Kirby in a research report on Friday, January 30th. Citigroup upped their price objective on shares of Kirby from $145.00 to $147.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Evercore restated an “outperform” rating and set a $138.00 price objective on shares of Kirby in a research report on Monday, March 9th. Finally, Zacks Research upgraded shares of Kirby from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.60.

Kirby Profile

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America’s largest fleets of inland tank barges and towing vessels. Kirby’s fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby’s Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.