Kirby Corp. (NYSE:KEX) was down 1.5% on Thursday . The company traded as low as $62.60 and last traded at $62.60, with a volume of 175,069 shares changing hands. The stock had previously closed at $63.58.

A number of equities research analysts have recently weighed in on KEX shares. Vetr downgraded Kirby Corp. from a “hold” rating to a “sell” rating and set a $67.34 price target for the company. in a report on Thursday, May 26th. Evercore ISI downgraded Kirby Corp. from a “buy” rating to a “hold” rating and lowered their price target for the company from $59.00 to $54.00 in a report on Thursday, April 28th. Zacks Investment Research downgraded Kirby Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. Finally, Credit Suisse Group AG downgraded Kirby Corp. from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a report on Tuesday, June 21st. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $63.18.

The firm has a market capitalization of $3.40 billion and a P/E ratio of 16.92. The stock has a 50-day moving average price of $66.59 and a 200 day moving average price of $60.19.

Kirby Corp. (NYSE:KEX) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.71 EPS for the quarter, missing the Zacks’ 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 EPS. Equities research analysts expect that Kirby Corp. will post $2.99 earnings per share for the current fiscal year.

In other news, Director Monte J. Miller sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $69.31, for a total value of $207,930.00. Following the completion of the transaction, the director now directly owns 13,938 shares of the company’s stock, valued at approximately $966,042.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Amy D. Husted sold 500 shares of the stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $69.25, for a total value of $34,625.00. Following the completion of the transaction, the vice president now directly owns 19,482 shares of the company’s stock, valued at $1,349,128.50. The disclosure for this sale can be found here.

Several institutional investors recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Kirby Corp. during the fourth quarter worth about $1,236,000. Bank of Montreal Can boosted its position in shares of Kirby Corp. by 400.2% in the fourth quarter. Bank of Montreal Can now owns 23,574 shares of the company’s stock worth $1,240,000 after buying an additional 18,861 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Kirby Corp. during the fourth quarter worth about $1,288,000. Sei Investments Co. boosted its position in shares of Kirby Corp. by 1,097.5% in the fourth quarter. Sei Investments Co. now owns 26,596 shares of the company’s stock worth $1,400,000 after buying an additional 24,375 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in shares of Kirby Corp. by 256.5% in the fourth quarter. Trexquant Investment LP now owns 60,600 shares of the company’s stock worth $3,189,000 after buying an additional 43,600 shares during the last quarter.

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.