Kirby Corp. (NYSE:KEX)’s share price gapped up prior to trading 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 traded.

A number of equities analysts recently commented on KEX shares. Vetr downgraded Kirby Corp. from a “hold” rating to a “sell” rating and set a $67.34 price objective on the stock. in a report on Thursday, May 26th. Zacks Investment Research raised Kirby Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Evercore ISI cut Kirby Corp. from a “buy” rating to a “hold” rating and decreased 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 given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $60.33.

The firm’s 50 day moving average is $61.44 and its 200-day moving average is $60.97. The firm has a market capitalization of $2.99 billion and a P/E ratio of 16.26.

Kirby Corp. (NYSE:KEX) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. During the same period in the prior year, the business posted $1.04 EPS. The firm earned $441.60 million during the quarter, compared to analyst estimates of $454.12 million. The firm’s quarterly revenue was down 18.7% compared to the same quarter last year. Equities analysts anticipate that Kirby Corp. will post $2.61 EPS for the current fiscal year.

In other Kirby Corp. news, VP James F. Farley sold 1,500 shares of the business’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 transaction of $95,595.00. Following the transaction, the vice president now owns 25,830 shares of the company’s stock, valued at approximately $1,646,145.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Monte J. Miller sold 3,000 shares of the business’s 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 transaction, the director now directly owns 13,938 shares in the company, valued at approximately $966,042.78. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in Kirby Corp. by 25.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,299,981 shares of the company’s stock valued at $68,406,000 after buying an additional 259,980 shares during the period. Wells Fargo & Company MN raised its position 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 valued at $65,009,000 after buying an additional 515,343 shares during the period. Diamond Hill Capital Management Inc. raised its position in Kirby Corp. by 282.1% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 848,694 shares of the company’s stock valued at $44,658,000 after buying an additional 626,609 shares during the period. Morgan Stanley raised its position in Kirby Corp. by 879.0% in the fourth quarter. Morgan Stanley now owns 396,518 shares of the company’s stock valued at $20,865,000 after buying an additional 356,016 shares during the period. Finally, Eaton Vance Management raised its position in Kirby Corp. by 181.4% in the fourth quarter. Eaton Vance Management now owns 191,353 shares of the company’s stock valued at $10,069,000 after buying an additional 123,362 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.