Kirby Co. (NYSE:KEX) shares hit a new 52-week high and low during trading on Wednesday . The stock traded as low as $88.35 and last traded at $88.00, with a volume of 137494 shares traded. The stock had previously closed at $86.40.
Several brokerages have commented on KEX. Stifel Nicolaus set a $88.00 target price on shares of Kirby and gave the stock a “buy” rating in a report on Thursday, April 5th. ValuEngine upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Tuesday, April 3rd. OTR Global upgraded shares of Kirby to a “positive” rating in a report on Thursday, March 29th. Zacks Investment Research cut shares of Kirby from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, Stephens set a $89.00 target price on shares of Kirby and gave the stock a “hold” rating in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $81.67.
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.34 and a current ratio of 1.99. The firm has a market capitalization of $5,224.46, a P/E ratio of 42.71, a P/E/G ratio of 2.50 and a beta of 0.94.
Kirby (NYSE:KEX) last posted its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.51 by $0.03. The business had revenue of $708.10 million during the quarter, compared to analysts’ expectations of $612.61 million. Kirby had a net margin of 14.14% and a return on equity of 4.17%. The firm’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. equities research analysts forecast that Kirby Co. will post 2.81 EPS for the current fiscal year.
In related news, Director Monte J. Miller sold 2,336 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $77.10, for a total transaction of $180,105.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dorman Lynn Strahan sold 1,735 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $76.51, for a total transaction of $132,744.85. Following the sale, the insider now owns 28,484 shares of the company’s stock, valued at $2,179,310.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,430 shares of company stock valued at $854,762. 2.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Kirby by 1.3% during the fourth quarter. BlackRock Inc. now owns 4,763,004 shares of the shipping company’s stock worth $318,169,000 after purchasing an additional 61,526 shares during the period. ArrowMark Colorado Holdings LLC raised its position in Kirby by 10.9% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,680,707 shares of the shipping company’s stock valued at $179,071,000 after acquiring an additional 262,965 shares in the last quarter. King Luther Capital Management Corp raised its position in Kirby by 1.9% during the fourth quarter. King Luther Capital Management Corp now owns 1,724,182 shares of the shipping company’s stock valued at $115,175,000 after acquiring an additional 32,855 shares in the last quarter. Teachers Advisors LLC raised its position in Kirby by 3.6% during the fourth quarter. Teachers Advisors LLC now owns 1,085,730 shares of the shipping company’s stock valued at $72,527,000 after acquiring an additional 38,000 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Kirby by 40.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 947,379 shares of the shipping company’s stock valued at $63,285,000 after acquiring an additional 272,436 shares in the last quarter. Institutional investors and hedge funds own 93.95% of the company’s stock.
Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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