Kennedy Capital Management Inc. decreased its holdings in Kirby Corporation (NYSE:KEX) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 148,671 shares of the shipping company’s stock after selling 3,717 shares during the quarter. Kennedy Capital Management Inc. owned 0.28% of Kirby Corporation worth $9,939,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Kirby Corporation by 12,366.8% in the 1st quarter. BlackRock Inc. now owns 5,003,672 shares of the shipping company’s stock valued at $353,010,000 after buying an additional 4,963,536 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Kirby Corporation by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 4,159,390 shares of the shipping company’s stock valued at $293,445,000 after buying an additional 208,693 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kirby Corporation by 11.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,903,448 shares of the shipping company’s stock valued at $134,285,000 after buying an additional 195,368 shares in the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Kirby Corporation by 46.3% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,777,366 shares of the shipping company’s stock valued at $118,817,000 after buying an additional 562,600 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Kirby Corporation by 33.6% in the 1st quarter. Bank of New York Mellon Corp now owns 1,275,763 shares of the shipping company’s stock valued at $90,006,000 after buying an additional 320,566 shares in the last quarter.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Kirby Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Stifel Nicolaus dropped their price objective on shares of Kirby Corporation from $71.00 to $69.00 and set a “hold” rating for the company in a research note on Thursday, June 15th. 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. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $85.00 target price on shares of Kirby Corporation in a research report on Tuesday, May 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $71.25.

Shares of Kirby Corporation (NYSE:KEX) opened at 62.80 on Friday. The company’s 50 day moving average is $62.11 and its 200-day moving average is $66.54. Kirby Corporation has a 12 month low of $54.87 and a 12 month high of $74.50. The firm has a market cap of $3.39 billion, a PE ratio of 28.78 and a beta of 1.01.

Kirby Corporation (NYSE:KEX) last posted its quarterly earnings results on Wednesday, July 26th. The shipping company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $473.33 million during the quarter, compared to the consensus estimate of $478.85 million. Kirby Corporation had a return on equity of 4.85% and a net margin of 6.41%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. Equities research analysts predict that Kirby Corporation will post $1.95 EPS for the current year.

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.

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

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