Meeder Asset Management Inc. Has $53,000 Stake in Kirby Co. (NYSE:KEX)

Meeder Asset Management Inc. lifted its position in Kirby Co. (NYSE:KEXGet Rating) by 35.5% in the second quarter, HoldingsChannel.com reports. The firm owned 877 shares of the shipping company’s stock after acquiring an additional 230 shares during the period. Meeder Asset Management Inc.’s holdings in Kirby were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Kirby in the first quarter valued at $47,000. Parallel Advisors LLC grew its position in Kirby by 391.5% in the second quarter. Parallel Advisors LLC now owns 865 shares of the shipping company’s stock valued at $53,000 after acquiring an additional 689 shares during the period. US Bancorp DE grew its position in Kirby by 26.9% in the second quarter. US Bancorp DE now owns 2,307 shares of the shipping company’s stock valued at $140,000 after acquiring an additional 489 shares during the period. American Century Companies Inc. bought a new stake in Kirby in the first quarter valued at $201,000. Finally, Kestra Advisory Services LLC bought a new stake in Kirby in the first quarter valued at $218,000. 95.26% of the stock is currently owned by institutional investors and hedge funds.

Kirby Price Performance

Shares of KEX stock opened at $67.70 on Monday. The stock’s fifty day moving average is $66.33 and its 200-day moving average is $64.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.26 and a current ratio of 1.97. The stock has a market capitalization of $4.06 billion, a PE ratio of 42.58, a PEG ratio of 2.74 and a beta of 1.27. Kirby Co. has a 52 week low of $50.58 and a 52 week high of $75.08.

Kirby (NYSE:KEXGet Rating) last announced its earnings results on Monday, October 24th. The shipping company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.59 by $0.06. The company had revenue of $745.80 million for the quarter, compared to analysts’ expectations of $729.58 million. Kirby had a return on equity of 3.51% and a net margin of 3.63%. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities research analysts expect that Kirby Co. will post 2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Kirby in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Kirby Company Profile

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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.

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Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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