Principal Financial Group Inc. Has $14.57 Million Position in Kirby Co. (NYSE:KEX)


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Principal Financial Group Inc. increased its position in shares of Kirby Co. (NYSE:KEX) by 44.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 281,128 shares of the shipping company’s stock after purchasing an additional 86,077 shares during the quarter. Principal Financial Group Inc.’s holdings in Kirby were worth $14,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Eudaimonia Partners LLC acquired a new stake in Kirby during the 4th quarter worth approximately $26,000. Point72 Hong Kong Ltd bought a new position in Kirby during the 3rd quarter worth $54,000. Norman Fields Gottscho Capital Management LLC bought a new position in Kirby during the 4th quarter worth $207,000. Crossmark Global Holdings Inc. bought a new position in Kirby during the 4th quarter worth $208,000. Finally, Arizona State Retirement System bought a new position in Kirby during the 4th quarter worth $226,000. 90.26% of the stock is owned by institutional investors and hedge funds.

In other news, VP Scott P. Miller sold 1,298 shares of Kirby stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $56.64, for a total value of $73,518.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Monte J. Miller sold 1,500 shares of Kirby stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $67.84, for a total value of $101,760.00. Following the completion of the transaction, the director now owns 19,722 shares in the company, valued at approximately $1,337,940.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,974 shares of company stock worth $2,379,423. Corporate insiders own 1.70% of the company’s stock.

Kirby stock opened at $62.29 on Tuesday. The stock’s fifty day moving average price is $63.88 and its two-hundred day moving average price is $52.56. Kirby Co. has a one year low of $35.10 and a one year high of $70.00. 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 firm has a market cap of $3.74 billion, a PE ratio of -19.34, a price-to-earnings-growth ratio of 4.27 and a beta of 1.42.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Thursday, January 28th. The shipping company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate 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 quarter last year, the company earned $0.58 EPS. The company’s revenue was down 25.3% on a year-over-year basis. Sell-side analysts expect that Kirby Co. will post 1.7 earnings per share for the current fiscal year.

Kirby Company Profile

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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