Teachers Retirement System of The State of Kentucky decreased its position in shares of Kirby Corporation (NYSE:KEX) by 10.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,390 shares of the shipping company’s stock after selling 1,210 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Kirby Corporation were worth $733,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of KEX. Credit Agricole S A acquired a new stake in Kirby Corporation during the first quarter worth approximately $423,000. Bank of New York Mellon Corp boosted its stake in Kirby Corporation by 33.6% in the first quarter. Bank of New York Mellon Corp now owns 1,275,763 shares of the shipping company’s stock worth $90,006,000 after buying an additional 320,566 shares during the period. Vanguard Group Inc. boosted its stake in Kirby Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 4,159,390 shares of the shipping company’s stock worth $293,445,000 after buying an additional 208,693 shares during the period. Neuberger Berman Group LLC boosted its stake in Kirby Corporation by 17.4% in the first quarter. Neuberger Berman Group LLC now owns 1,016,730 shares of the shipping company’s stock worth $71,730,000 after buying an additional 150,880 shares during the period. Finally, Kempen Capital Management N.V. boosted its stake in Kirby Corporation by 54.6% in the first quarter. Kempen Capital Management N.V. now owns 12,303 shares of the shipping company’s stock worth $868,000 after buying an additional 4,344 shares during the period.
Shares of Kirby Corporation (NYSE KEX) opened at 61.20 on Friday. The stock’s 50 day moving average is $63.97 and its 200 day moving average is $67.44. Kirby Corporation has a 52-week low of $50.80 and a 52-week high of $74.50. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 28.05 and a beta of 1.01.
Kirby Corporation (NYSE:KEX) last issued its earnings results on Wednesday, July 26th. The shipping company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.01. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.85%. The business had revenue of $473.33 million for the quarter, compared to the consensus estimate of $478.85 million. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Kirby Corporation will post $1.97 earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on KEX shares. Zacks Investment Research upgraded Kirby Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company raised their target price on Kirby Corporation from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, April 27th. Credit Suisse Group upgraded Kirby Corporation from a “neutral” rating to an “outperform” rating and raised their target price for the company from $58.00 to $80.00 in a research report on Wednesday, April 19th. BidaskClub cut Kirby Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $69.00 price target on shares of Kirby Corporation in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $69.22.
Kirby Corporation Company Profile
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.
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