Kirby Corp. (NYSE:KEX) dropped 1.2% on Wednesday . The company traded as low as $62.17 and last traded at $62.89, with a volume of 272,566 shares traded. The stock had previously closed at $63.63.

KEX has been the subject of a number of research reports. Vetr raised Kirby Corp. from a “strong sell” rating to a “sell” rating and set a $53.71 target price for the company in a report on Monday, March 28th. Zacks Investment Research raised Kirby Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 4th. Evercore ISI downgraded Kirby Corp. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $59.00 to $54.00 in a report on Thursday, April 28th. Cowen and Company downgraded Kirby Corp. from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $60.00 to $65.00 in a report on Friday, April 29th. Finally, BB&T Corp. raised Kirby Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Monday, May 2nd. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $63.18.

The firm has a market capitalization of $3.41 billion and a PE ratio of 16.99. The company has a 50-day moving average of $65.93 and a 200 day moving average of $60.43.

Kirby Corp. (NYSE:KEX) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.07. The firm earned $458.70 million during the quarter, compared to the consensus estimate of $461.51 million. The business’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. On average, analysts forecast that Kirby Corp. will post $2.99 EPS for the current year.

In other news, VP Amy D. Husted sold 500 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $69.25, for a total transaction of $34,625.00. Following the completion of the transaction, the vice president now owns 19,482 shares in the company, valued at approximately $1,349,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Monte J. Miller sold 3,000 shares of the stock in a transaction 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 transaction, the director now owns 13,938 shares of the company’s stock, valued at approximately $966,042.78. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of KEX. GSA Capital Partners LLP purchased a new position in Kirby Corp. during the fourth quarter valued at $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 last quarter. 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 last quarter. 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 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.

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