Janney Montgomery Scott LLC Invests $419,000 in Kirby Co. (NYSE:KEX)

Janney Montgomery Scott LLC acquired a new position in shares of Kirby Co. (NYSE:KEXGet Rating) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,899 shares of the shipping company’s stock, valued at approximately $419,000.

Other institutional investors have also bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new stake in Kirby in the 1st quarter valued at $47,000. Parallel Advisors LLC boosted its stake in Kirby by 391.5% in the 2nd quarter. Parallel Advisors LLC now owns 865 shares of the shipping company’s stock valued at $53,000 after buying an additional 689 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Kirby by 35.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 877 shares of the shipping company’s stock valued at $53,000 after buying an additional 230 shares in the last quarter. US Bancorp DE boosted its stake in Kirby by 26.9% in the 2nd quarter. US Bancorp DE now owns 2,307 shares of the shipping company’s stock valued at $140,000 after buying an additional 489 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in Kirby in the 1st quarter valued at $201,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Kirby Trading Up 0.8 %

Shares of KEX opened at $64.27 on Tuesday. The stock has a fifty day moving average price of $65.27 and a two-hundred day moving average price of $65.35. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.29 and a current ratio of 1.97. Kirby Co. has a 52-week low of $55.03 and a 52-week high of $75.08. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 1.53 and a beta of 1.27.

Kirby (NYSE:KEXGet Rating) last issued its quarterly earnings data on Monday, October 24th. The shipping company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.05. Kirby had a return on equity of 3.51% and a net margin of 3.63%. The firm had revenue of $745.80 million during the quarter, compared to the consensus estimate of $729.58 million. During the same quarter in the previous year, the company posted $0.17 EPS. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. Analysts predict that Kirby Co. will post 2.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Kirby Profile

(Get Rating)

Kirby Corp. engages in the provision of diesel engines, reduction gears and ancillary products for marine and power generation applications. It operates through the following business segments: Marine Transportation and Distribution & Services segment. The Marine Transportation segment provides marine transportation services, operates tank barges and towing vessels transporting bulk liquid products and transports petrochemicals, refined petroleum and black oil products, and agricultural chemicals by tank barge.

See Also

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Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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