California Public Employees Retirement System Has $7.82 Million Holdings in Kirby Co. (NYSE:KEX)

California Public Employees Retirement System cut its stake in shares of Kirby Co. (NYSE:KEXGet Rating) by 3.2% in the second quarter, Holdings Channel reports. The firm owned 128,550 shares of the shipping company’s stock after selling 4,264 shares during the quarter. California Public Employees Retirement System’s holdings in Kirby were worth $7,821,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KEX. Meeder Asset Management Inc. acquired a new stake in shares of Kirby during the first quarter worth $47,000. Point72 Hong Kong Ltd acquired a new position in Kirby in the first quarter valued at about $47,000. Parallel Advisors LLC grew its stake 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 stake 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. Finally, American Century Companies Inc. acquired a new position in Kirby in the first quarter valued at about $201,000. 95.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Kirby in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Kirby Stock Up 0.1 %

NYSE:KEX opened at $69.05 on Thursday. Kirby Co. has a 1 year low of $50.58 and a 1 year high of $75.08. The company has a current ratio of 1.97, a quick ratio of 1.29 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 43.43, a PEG ratio of 2.69 and a beta of 1.27. The stock has a 50-day moving average price of $66.40 and a two-hundred day moving average price of $64.99.

Kirby (NYSE:KEXGet Rating) last posted its earnings results on Monday, October 24th. The shipping company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The firm had revenue of $745.80 million during 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 company’s revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. As a group, equities analysts expect that Kirby Co. will post 2.08 earnings per share for the current year.

About Kirby

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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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