Kirby Corporation (KEX) Position Reduced by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in Kirby Corporation (NYSE:KEX) by 10.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. State Treasurer State of Michigan increased its position in Kirby Corporation by 0.9% in the first quarter. State Treasurer State of Michigan now owns 21,900 shares of the shipping company’s stock worth $1,545,000 after buying an additional 200 shares during the last quarter. Honeywell International Inc. acquired a new position in Kirby Corporation during the first quarter worth approximately $11,253,000. Great West Life Assurance Co. Can increased its position in Kirby Corporation by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 27,765 shares of the shipping company’s stock worth $1,958,000 after buying an additional 1,209 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Kirby Corporation by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,928 shares of the shipping company’s stock worth $1,335,000 after buying an additional 300 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Kirby Corporation during the first quarter worth approximately $301,000.

Shares of Kirby Corporation (NYSE KEX) traded down 3.14% during midday trading on Friday, hitting $60.15. 604,326 shares of the stock traded hands. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 27.57 and a beta of 1.01. Kirby Corporation has a 52 week low of $50.80 and a 52 week high of $74.50. The firm’s 50-day moving average is $63.47 and its 200 day moving average is $67.29.

Kirby Corporation (NYSE:KEX) last issued its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $473.33 million during the quarter, compared to analyst estimates of $478.85 million. Kirby Corporation had a net margin of 6.41% and a return on equity of 4.85%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $0.72 EPS. Equities analysts forecast that Kirby Corporation will post $1.95 earnings per share for the current year.

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Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Kirby Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Stifel Nicolaus cut their price target on shares of Kirby Corporation from $71.00 to $69.00 and set a “hold” rating for the company in a report on Thursday, June 15th. Jefferies Group LLC reissued a “buy” rating and set a $85.00 price target on shares of Kirby Corporation in a report on Tuesday, May 30th. Zacks Investment Research downgraded shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Cowen and Company reissued a “hold” rating and set a $70.00 price target on shares of Kirby Corporation in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $71.25.

About Kirby Corporation

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.

Institutional Ownership by Quarter for Kirby Corporation (NYSE:KEX)

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