Kirby Corp. (NYSE:KEX) shares saw an uptick in trading volume on Monday . 1,412,612 shares traded hands during mid-day trading, an increase of 120% from the previous session’s volume of 640,989 shares.The stock last traded at $58.99 and had previously closed at $63.27.

Several brokerages have issued reports on KEX. Vetr raised shares of Kirby Corp. from a “sell” rating to a “hold” rating and set a $67.34 price objective for the company in a research report on Tuesday, June 14th. Wells Fargo & Co. downgraded shares of Kirby Corp. from a “market perform” rating to an “underperform” rating and set a $46.00 price target for the company. in a research report on Monday. Cowen and Company downgraded shares of Kirby Corp. from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $60.00 to $65.00 in a research report on Friday, April 29th. Zacks Investment Research raised shares of Kirby Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 4th. Finally, BB&T Corp. raised shares of Kirby Corp. from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $61.75.

The company has a market cap of $3.15 billion and a P/E ratio of 15.66. The stock’s 50 day moving average price is $65.44 and its 200-day moving average price is $60.75.

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

In other news, Treasurer Renato A. Castro sold 589 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $64.52, for a total value of $38,002.28. Following the completion of the sale, the treasurer now directly owns 3,114 shares of the company’s stock, valued at $200,915.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Monte J. Miller sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $69.31, for a total value of $207,930.00. Following the completion of the sale, the director now directly owns 13,938 shares of the company’s stock, valued at $966,042.78. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in KEX. Eaton Vance Management boosted its stake in Kirby Corp. by 181.4% in the fourth quarter. Eaton Vance Management now owns 191,353 shares of the company’s stock worth $10,069,000 after buying an additional 123,362 shares during the last quarter. S&T Bank PA boosted its stake in Kirby Corp. by 4.0% in the fourth quarter. S&T Bank PA now owns 171,762 shares of the company’s stock worth $9,039,000 after buying an additional 6,630 shares during the last quarter. Royce & Associates LLC acquired a new stake in Kirby Corp. during the fourth quarter worth about $6,478,000. Principal Financial Group Inc. boosted its stake in Kirby Corp. by 1.4% in the fourth quarter. Principal Financial Group Inc. now owns 172,697 shares of the company’s stock worth $9,087,000 after buying an additional 2,416 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Kirby Corp. by 71.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,235,434 shares of the company’s stock worth $65,009,000 after buying an additional 515,343 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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