Capstone Asset Management Co. boosted its stake in shares of Kirby Corporation (NYSE:KEX) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 6,019 shares of the shipping company’s stock after buying an additional 120 shares during the period. Capstone Asset Management Co.’s holdings in Kirby Corporation were worth $402,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. World Asset Management Inc boosted its stake in Kirby Corporation by 0.9% in the first quarter. World Asset Management Inc now owns 3,300 shares of the shipping company’s stock valued at $233,000 after buying an additional 28 shares during the period. Envestnet Asset Management Inc. boosted its stake in Kirby Corporation by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,701 shares of the shipping company’s stock valued at $330,000 after buying an additional 67 shares during the period. Flinton Capital Management LLC boosted its stake in Kirby Corporation by 0.4% in the first quarter. Flinton Capital Management LLC now owns 20,928 shares of the shipping company’s stock valued at $1,476,000 after buying an additional 80 shares during the period. Meadow Creek Investment Management LLC boosted its stake in Kirby Corporation by 0.4% in the first quarter. Meadow Creek Investment Management LLC now owns 28,776 shares of the shipping company’s stock valued at $2,030,000 after buying an additional 110 shares during the period. Finally, Glen Harbor Capital Management LLC boosted its stake in Kirby Corporation by 0.4% in the first quarter. Glen Harbor Capital Management LLC now owns 36,624 shares of the shipping company’s stock valued at $2,584,000 after buying an additional 140 shares during the period.

Kirby Corporation (NYSE KEX) traded down 0.41% during midday trading on Monday, reaching $61.40. 67,643 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $64.83 and its 200 day moving average is $67.72. The firm has a market capitalization of $3.32 billion, a P/E ratio of 28.18 and a beta of 1.01. Kirby Corporation has a 52 week low of $50.80 and a 52 week high of $74.50.

Kirby Corporation (NYSE:KEX) last announced its earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The business had revenue of $473.33 million during the quarter, compared to the consensus estimate of $478.85 million. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.88%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, analysts expect that Kirby Corporation will post $1.97 EPS for the current fiscal year.

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Several research firms have recently weighed in on KEX. BidaskClub raised shares of Kirby Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Stifel Nicolaus lowered their price objective on shares of Kirby Corporation from $71.00 to $69.00 and set a “hold” rating for the company in a research report on Thursday, June 15th. Zacks Investment Research cut shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price objective on shares of Kirby Corporation in a research report on Tuesday, May 30th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $70.00 price objective on shares of Kirby Corporation in a research report on Friday, July 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $69.22.

Kirby Corporation Company Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

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Institutional Ownership by Quarter for Kirby Corporation (NYSE:KEX)

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