Eaton Vance Management Has $5.49 Million Position in Kirby Co. (NYSE:KEX)


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Eaton Vance Management cut its holdings in shares of Kirby Co. (NYSE:KEX) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,912 shares of the shipping company’s stock after selling 1,566 shares during the quarter. Eaton Vance Management’s holdings in Kirby were worth $5,489,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Engineers Gate Manager LP increased its holdings in shares of Kirby by 1.9% during the 3rd quarter. Engineers Gate Manager LP now owns 27,381 shares of the shipping company’s stock worth $990,000 after acquiring an additional 499 shares during the last quarter. Eudaimonia Partners LLC acquired a new position in shares of Kirby during the 4th quarter worth approximately $26,000. HighTower Advisors LLC increased its holdings in shares of Kirby by 3.3% during the 4th quarter. HighTower Advisors LLC now owns 18,181 shares of the shipping company’s stock worth $943,000 after acquiring an additional 581 shares during the last quarter. Sequent Asset Management LLC increased its holdings in shares of Kirby by 7.5% during the 4th quarter. Sequent Asset Management LLC now owns 10,750 shares of the shipping company’s stock worth $557,000 after acquiring an additional 750 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Kirby by 0.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 87,938 shares of the shipping company’s stock worth $3,181,000 after acquiring an additional 797 shares during the last quarter. 90.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE KEX opened at $62.11 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.36 and a quick ratio of 1.64. The stock’s fifty day moving average price is $63.77 and its two-hundred day moving average price is $52.18. Kirby Co. has a one year low of $35.10 and a one year high of $70.00. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -19.29, a P/E/G ratio of 4.27 and a beta of 1.42.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, January 28th. The shipping company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.14. Kirby had a positive return on equity of 3.90% and a negative net margin of 8.27%. The firm had revenue of $489.80 million for the quarter, compared to analyst estimates of $491.54 million. During the same period in the prior year, the firm posted $0.58 EPS. The company’s revenue for the quarter was down 25.3% on a year-over-year basis. On average, equities analysts anticipate that Kirby Co. will post 1.7 earnings per share for the current fiscal year.

In other news, Director Monte J. Miller sold 1,500 shares of the company’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $67.84, for a total transaction of $101,760.00. Following the completion of the sale, the director now directly owns 19,722 shares in the company, valued at approximately $1,337,940.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David W. Grzebinski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 2nd. The shares were sold at an average price of $64.11, for a total value of $128,220.00. Following the sale, the chief executive officer now owns 66,836 shares of the company’s stock, valued at $4,284,855.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,974 shares of company stock worth $2,379,423. Insiders own 1.70% of the company’s stock.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges 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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