Other equities research analysts have also issued reports about the company. ValuEngine upgraded Kirby from a hold rating to a buy rating in a research note on Tuesday, November 6th. Zacks Investment Research raised shares of Kirby from a sell rating to a hold rating in a report on Friday, September 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and an average target price of $89.86.
NYSE:KEX opened at $68.11 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.86 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4.20 billion, a PE ratio of 33.22, a P/E/G ratio of 1.45 and a beta of 1.01. Kirby has a one year low of $60.63 and a one year high of $94.05.
Kirby (NYSE:KEX) last posted its quarterly earnings data on Thursday, October 25th. The shipping company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. The firm had revenue of $704.85 million during the quarter, compared to analyst estimates of $780.20 million. Kirby had a return on equity of 5.05% and a net margin of 11.30%. Sell-side analysts expect that Kirby will post 2.82 EPS for the current fiscal year.
In related news, VP Amy D. Husted sold 1,200 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $74.79, for a total value of $89,748.00. Following the completion of the transaction, the vice president now owns 15,246 shares of the company’s stock, valued at approximately $1,140,248.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KEX. Engineers Gate Manager LP bought a new position in shares of Kirby in the 3rd quarter valued at about $206,000. Virtu Financial LLC purchased a new position in shares of Kirby during the third quarter worth approximately $262,000. Argent Trust Co purchased a new position in shares of Kirby during the second quarter worth approximately $276,000. National Investment Services Inc. WI purchased a new position in shares of Kirby during the third quarter worth approximately $277,000. Finally, Paloma Partners Management Co purchased a new position in shares of Kirby during the third quarter worth approximately $320,000. 94.11% of the stock is owned by institutional investors and hedge funds.
Kirby Company Profile
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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