Kirby Corporation (NYSE:KEX) was the target of unusually large options trading activity on Wednesday. Traders purchased 2,002 put options on the company. This is an increase of approximately Infinity compared to the typical volume of 0 put options.
A number of institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. acquired a new position in shares of Kirby Corporation during the 2nd quarter worth $344,000. Morgan Stanley grew its stake in Kirby Corporation by 22.9% in the 1st quarter. Morgan Stanley now owns 126,244 shares of the shipping company’s stock valued at $8,906,000 after acquiring an additional 23,498 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Kirby Corporation by 0.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,023,373 shares of the shipping company’s stock valued at $68,412,000 after acquiring an additional 6,643 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Kirby Corporation in the 2nd quarter valued at about $1,083,000. Finally, Northern Trust Corp grew its stake in Kirby Corporation by 4.8% in the 2nd quarter. Northern Trust Corp now owns 500,297 shares of the shipping company’s stock valued at $33,444,000 after acquiring an additional 22,956 shares during the last quarter.
KEX has been the subject of several recent research reports. Stifel Nicolaus reissued a “hold” rating and set a $67.00 target price on shares of Kirby Corporation in a report on Friday, November 3rd. Jefferies Group LLC restated a “buy” rating and set a $85.00 price target on shares of Kirby Corporation in a research report on Monday, October 16th. BidaskClub upgraded shares of Kirby Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research lowered shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Cowen and Company reiterated a “hold” rating and issued a $70.00 target price on shares of Kirby Corporation in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.17.
Kirby Corporation (NYSE KEX) opened at $62.60 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. Kirby Corporation has a twelve month low of $59.25 and a twelve month high of $74.50. The company has a market cap of $3,748.97, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 3.91 and a beta of 1.07.
Kirby Corporation (NYSE:KEX) last released its quarterly earnings results on Wednesday, November 1st. The shipping company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.44 by $0.08. Kirby Corporation had a net margin of 5.88% and a return on equity of 4.48%. The firm had revenue of $541.30 million during the quarter, compared to the consensus estimate of $517.54 million. During the same quarter in the prior year, the firm earned $0.59 EPS. Kirby Corporation’s revenue for the quarter was up 24.5% on a year-over-year basis. equities analysts forecast that Kirby Corporation will post 2.01 earnings per share for the current fiscal year.
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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.
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