Kirby Co. (NYSE:KEX) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $85.10.

Several brokerages have recently weighed in on KEX. Zacks Investment Research cut shares of Kirby from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. BTIG Research initiated coverage on shares of Kirby in a research report on Friday, January 25th. They set a “neutral” rating and a $67.40 target price for the company. TheStreet cut shares of Kirby from a “b-” rating to a “c” rating in a research report on Thursday, January 31st. Finally, Wells Fargo & Co cut shares of Kirby from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th.

In related news, Director Richard Ross Stewart sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $71.54, for a total transaction of $178,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph H. Reniers sold 3,463 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $77.40, for a total transaction of $268,036.20. Following the sale, the insider now directly owns 21,501 shares of the company’s stock, valued at approximately $1,664,177.40. The disclosure for this sale can be found here. Insiders have sold 27,876 shares of company stock valued at $2,081,911 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Carroll Financial Associates Inc. acquired a new position in Kirby during the 1st quarter valued at approximately $36,000. Penserra Capital Management LLC acquired a new position in Kirby during the 4th quarter valued at approximately $37,000. Amundi Pioneer Asset Management Inc. acquired a new position in Kirby during the 4th quarter valued at approximately $102,000. Cutler Group LP increased its stake in Kirby by 50.3% during the 4th quarter. Cutler Group LP now owns 1,613 shares of the shipping company’s stock valued at $108,000 after purchasing an additional 540 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Kirby during the 3rd quarter valued at approximately $262,000. 95.88% of the stock is owned by institutional investors.

Shares of KEX traded up $0.39 during mid-day trading on Tuesday, hitting $79.48. The company’s stock had a trading volume of 580,246 shares, compared to its average volume of 418,853. Kirby has a 52-week low of $60.63 and a 52-week high of $94.05. The stock has a market capitalization of $4.76 billion, a PE ratio of 27.79, a PEG ratio of 1.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.80.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Thursday, January 31st. The shipping company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Kirby had a net margin of 2.64% and a return on equity of 5.43%. The firm had revenue of $721.49 million during the quarter, compared to analysts’ expectations of $698.14 million. Equities research analysts forecast that Kirby will post 3.57 EPS for the current year.

About Kirby

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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