Kirby Corp. (KEX) Trading Down 1.5%
Kirby Corp. (NYSE:KEX) shares traded down 1.5% during trading on Thursday . The company traded as low as $62.60 and last traded at $62.60, with a volume of 175,069 shares. The stock had previously closed at $63.58.
A number of research analysts recently commented on the company. Vetr cut Kirby Corp. from a “hold” rating to a “sell” rating and set a $67.34 price target on the stock. in a report on Thursday, May 26th. Zacks Investment Research raised Kirby Corp. from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a report on Tuesday, April 12th. Finally, Evercore ISI cut Kirby Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $59.00 to $54.00 in a report on Thursday, April 28th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $63.18.
The firm has a market cap of $3.40 billion and a P/E ratio of 16.90. The company’s 50-day moving average is $66.78 and its 200 day moving average is $60.12.
Kirby Corp. (NYSE:KEX) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.78 by $0.07. The business earned $458.70 million during the quarter, compared to the consensus estimate of $461.51 million. The company’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 earnings per share. On average, analysts expect that Kirby Corp. will post $3.01 earnings per share for the current fiscal year.
In other Kirby Corp. news, VP James F. Farley sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $63.73, for a total value of $95,595.00. Following the sale, the vice president now directly owns 25,830 shares of the company’s stock, valued at $1,646,145.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Amy D. Husted sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $69.25, for a total value of $34,625.00. Following the completion of the sale, the vice president now directly owns 19,482 shares in the company, valued at $1,349,128.50. The disclosure for this sale can be found here.
Other hedge funds have modified their holdings of the company. GSA Capital Partners LLP acquired a new stake in shares of Kirby Corp. during the fourth quarter valued at approximately $1,236,000. Bank of Montreal Can increased its position in Kirby Corp. by 400.2% in the fourth quarter. Bank of Montreal Can now owns 23,574 shares of the company’s stock valued at $1,240,000 after buying an additional 18,861 shares during the period. Stevens Capital Management LP purchased a new position in Kirby Corp. during the fourth quarter valued at $1,288,000. Sei Investments Co. increased its position in Kirby Corp. by 1,097.5% in the fourth quarter. Sei Investments Co. now owns 26,596 shares of the company’s stock valued at $1,400,000 after buying an additional 24,375 shares during the period. Finally, Trexquant Investment LP increased its position in Kirby Corp. by 256.5% in the fourth quarter. Trexquant Investment LP now owns 60,600 shares of the company’s stock valued at $3,189,000 after buying an additional 43,600 shares during the period.
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services. The Company, through its Marine Transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all the three United States coasts and in Alaska and Hawaii.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.