Hodges Capital Management Inc. lessened its stake in shares of Kirby Corporation (NYSE:KEX) by 96.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,115 shares of the shipping company’s stock after selling 147,290 shares during the period. Hodges Capital Management Inc.’s holdings in Kirby Corporation were worth $337,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KEX. Diamond Hill Capital Management Inc. raised its holdings in Kirby Corporation by 40.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 2,491,202 shares of the shipping company’s stock worth $164,295,000 after acquiring an additional 713,836 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Kirby Corporation by 65.9% during the second quarter. Lord Abbett & CO. LLC now owns 788,653 shares of the shipping company’s stock worth $52,721,000 after acquiring an additional 313,184 shares in the last quarter. UBS Group AG raised its holdings in Kirby Corporation by 102.7% during the first quarter. UBS Group AG now owns 7,915 shares of the shipping company’s stock worth $558,000 after acquiring an additional 297,806 shares in the last quarter. Koch Industries Inc. bought a new stake in Kirby Corporation during the second quarter worth about $216,000. Finally, Atlanta Capital Management Co. L L C raised its holdings in Kirby Corporation by 5.0% during the second quarter. Atlanta Capital Management Co. L L C now owns 4,472,441 shares of the shipping company’s stock worth $298,983,000 after acquiring an additional 213,303 shares in the last quarter.
Several research firms recently issued reports on KEX. BidaskClub lowered Kirby Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and issued a $85.00 price objective on shares of Kirby Corporation in a research note on Monday, October 16th. Stifel Nicolaus restated a “hold” rating and issued a $67.00 price objective on shares of Kirby Corporation in a research note on Friday, November 3rd. Zacks Investment Research lowered Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company restated a “hold” rating and issued a $70.00 price objective on shares of Kirby Corporation in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Kirby Corporation has a consensus rating of “Hold” and a consensus price target of $71.43.
Kirby Corporation (KEX) opened at $63.90 on Friday. The company has a market capitalization of $3,913.14, a P/E ratio of 31.07, a PEG ratio of 4.08 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.24. Kirby Corporation has a 12-month low of $59.25 and a 12-month high of $74.50.
Kirby Corporation (NYSE:KEX) last released its quarterly earnings results on Wednesday, November 1st. The shipping company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.08. Kirby Corporation had a return on equity of 4.68% and a net margin of 5.88%. The business had revenue of $541.30 million during the quarter, compared to the consensus estimate of $517.54 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s quarterly revenue was up 24.5% on a year-over-year basis. sell-side analysts expect that Kirby Corporation will post 2.01 EPS for the current fiscal year.
Kirby Corporation 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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