Shares of Kirby Co. (NYSE:KEX) reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $87.75 and last traded at $86.75, with a volume of 144882 shares changing hands. The stock had previously closed at $86.80.
Several analysts have recently commented on the stock. Gabelli assumed coverage on shares of Kirby in a research note on Tuesday, January 16th. They set a “hold” rating and a $80.00 price target on the stock. Stifel Nicolaus set a $88.00 price target on shares of Kirby and gave the company a “buy” rating in a research note on Thursday, April 5th. Jefferies Group assumed coverage on shares of Kirby in a research note on Monday, December 18th. They set a “buy” rating and a $85.00 price target on the stock. Evercore ISI raised shares of Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Thursday, February 1st. Finally, Stephens reissued a “hold” rating and set a $70.00 price target on shares of Kirby in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Kirby currently has a consensus rating of “Hold” and a consensus price target of $81.50.
The company has a market cap of $5,027.54, a PE ratio of 41.10, a P/E/G ratio of 2.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.34 and a current ratio of 1.99.
Kirby (NYSE:KEX) last announced its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Kirby had a net margin of 14.14% and a return on equity of 4.17%. The firm had revenue of $708.10 million for the quarter, compared to analysts’ expectations of $612.61 million. During the same period last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 62.5% on a year-over-year basis. equities analysts predict that Kirby Co. will post 2.81 EPS for the current fiscal year.
In other news, insider Dorman Lynn Strahan sold 1,665 shares of Kirby stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $74.56, for a total transaction of $124,142.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Monte J. Miller sold 2,336 shares of Kirby stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total transaction of $180,105.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,430 shares of company stock worth $854,762. Insiders own 2.40% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of Kirby during the fourth quarter worth $2,271,000. Teachers Advisors LLC boosted its position in shares of Kirby by 3.6% during the fourth quarter. Teachers Advisors LLC now owns 1,085,730 shares of the shipping company’s stock worth $72,527,000 after purchasing an additional 38,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Kirby by 27.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 153,792 shares of the shipping company’s stock worth $10,274,000 after purchasing an additional 32,747 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Kirby during the fourth quarter worth $753,000. Finally, Guggenheim Capital LLC boosted its position in shares of Kirby by 17.2% during the fourth quarter. Guggenheim Capital LLC now owns 141,462 shares of the shipping company’s stock worth $9,449,000 after purchasing an additional 20,750 shares in the last quarter. 93.95% of the stock is currently owned by institutional investors.
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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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