Kirby Corp. (NYSE:KEX) shares gapped up before the market opened on Friday . The stock had previously closed at $53.64, but opened at $53.85. Kirby Corp. shares last traded at $55.14, with a volume of 267,955 shares.

KEX has been the topic of several recent analyst reports. Vetr upgraded shares of Kirby Corp. from a “hold” rating to a “buy” rating and set a $67.34 target price on the stock in a research report on Wednesday, May 4th. BB&T Corp. upgraded shares of Kirby Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Monday, May 2nd. Zacks Investment Research upgraded shares of Kirby Corp. from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, April 12th. Jefferies Group restated a “buy” rating on shares of Kirby Corp. in a research report on Monday. Finally, Evercore ISI lowered shares of Kirby Corp. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $59.00 to $54.00 in a research report on Thursday, April 28th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $60.33.

The firm has a 50-day moving average price of $61.44 and a 200-day moving average price of $60.97. The company has a market cap of $2.99 billion and a P/E ratio of 16.26.

Kirby Corp. (NYSE:KEX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $441.60 million for the quarter, compared to the consensus estimate of $454.12 million. The firm’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.04 earnings per share. On average, analysts expect that Kirby Corp. will post $2.61 EPS for the current year.

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

Other hedge funds recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its stake in Kirby Corp. by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 129,700 shares of the company’s stock worth $6,825,000 after buying an additional 1,800 shares during the period. Principal Financial Group Inc. increased 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. Bank of Montreal Can increased its stake in 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. GSA Capital Partners LLP acquired a new stake in Kirby Corp. during the fourth quarter worth approximately $1,236,000. Finally, Sei Investments Co. increased its stake in 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.

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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