Genesee Valley Trust Co. lowered its stake in shares of Kirby Corp. (NYSE:KEX) by 13.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,526 shares of the company’s stock after selling 1,650 shares during the period. Genesee Valley Trust Co.’s holdings in Kirby Corp. were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Fiduciary Management Inc. WI raised its position in Kirby Corp. by 35.5% in the first quarter. Fiduciary Management Inc. WI now owns 1,350,087 shares of the company’s stock valued at $81,397,000 after buying an additional 353,755 shares during the last quarter. Royce & Associates LP raised its position in Kirby Corp. by 755.0% in the first quarter. Royce & Associates LP now owns 1,052,500 shares of the company’s stock valued at $63,455,000 after buying an additional 929,400 shares during the last quarter. Landscape Capital Management L.L.C. raised its position in Kirby Corp. by 113.4% in the first quarter. Landscape Capital Management L.L.C. now owns 10,122 shares of the company’s stock valued at $610,000 after buying an additional 5,379 shares during the last quarter. BlackRock Group LTD raised its position in Kirby Corp. by 31.7% in the first quarter. BlackRock Group LTD now owns 16,499 shares of the company’s stock valued at $995,000 after buying an additional 3,969 shares during the last quarter. Finally, BlackRock Inc. raised its position in Kirby Corp. by 23.3% in the first quarter. BlackRock Inc. now owns 24,535 shares of the company’s stock valued at $1,479,000 after buying an additional 4,644 shares during the last quarter. Institutional investors own 99.43% of the company’s stock.

Shares of Kirby Corp. (NYSE:KEX) traded up 2.61% during midday trading on Tuesday, reaching $58.49. 1,002,047 shares of the company were exchanged. Kirby Corp. has a 12-month low of $44.63 and a 12-month high of $73.25. The stock has a market capitalization of $3.15 billion, a P/E ratio of 17.16 and a beta of 1.11. The company has a 50 day moving average price of $54.45 and a 200-day moving average price of $61.40.

Kirby Corp. (NYSE:KEX) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.02. Kirby Corp. had a return on equity of 8.02% and a net margin of 9.63%. The business earned $441.60 million during the quarter, compared to analyst estimates of $454.12 million. During the same quarter in the previous year, the firm earned $1.04 EPS. Kirby Corp.’s revenue was down 18.7% on a year-over-year basis. On average, analysts forecast that Kirby Corp. will post $2.61 earnings per share for the current fiscal year.

Several research firms recently weighed in on KEX. Zacks Investment Research lowered shares of Kirby Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 7th. Vetr lowered shares of Kirby Corp. from a “hold” rating to a “sell” rating and set a $67.34 target price for the company. in a research report on Tuesday, June 7th. Credit Suisse Group AG lowered shares of Kirby Corp. from an “outperform” rating to a “neutral” rating and set a $60.00 target price for the company. in a research report on Tuesday, June 21st. Finally, Wells Fargo & Co. lowered shares of Kirby Corp. from a “market perform” rating to an “underperform” rating and set a $46.00 target price for the company. in a research report on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $63.69.

Kirby Corp. Company Profile

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.

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