South Dakota Investment Council maintained its position in Kirby Corporation (NYSE:KEX) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 35,900 shares of the shipping company’s stock at the close of the 2nd quarter. South Dakota Investment Council owned 0.07% of Kirby Corporation worth $2,400,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Huntington National Bank grew its holdings in Kirby Corporation by 11.3% in the second quarter. Huntington National Bank now owns 2,453 shares of the shipping company’s stock worth $164,000 after purchasing an additional 249 shares during the period. World Asset Management Inc grew its holdings in Kirby Corporation by 0.9% in the first quarter. World Asset Management Inc now owns 3,300 shares of the shipping company’s stock worth $233,000 after purchasing an additional 28 shares during the period. LS Investment Advisors LLC grew its holdings in Kirby Corporation by 16.9% in the second quarter. LS Investment Advisors LLC now owns 4,291 shares of the shipping company’s stock worth $287,000 after purchasing an additional 620 shares during the period. CIBC Asset Management Inc grew its holdings in Kirby Corporation by 1.7% in the second quarter. CIBC Asset Management Inc now owns 4,903 shares of the shipping company’s stock worth $328,000 after purchasing an additional 80 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Kirby Corporation by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,701 shares of the shipping company’s stock worth $330,000 after purchasing an additional 67 shares during the period.

Kirby Corporation (KEX) opened at 62.80 on Monday. The firm has a 50 day moving average of $62.11 and a 200-day moving average of $66.54. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 28.78 and a beta of 1.01. Kirby Corporation has a 1-year low of $54.87 and a 1-year high of $74.50.

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

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A number of research firms have commented on KEX. BidaskClub upgraded shares of Kirby Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research cut shares of Kirby Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Jefferies Group LLC restated a “buy” rating and issued a $85.00 price target on shares of Kirby Corporation in a report on Tuesday, May 30th. Stifel Nicolaus reduced 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. Finally, Cowen and Company restated a “hold” rating and issued a $70.00 price target on shares of Kirby Corporation in a report on Friday, July 28th. One research 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. The company presently has a consensus rating of “Hold” and an average target price of $71.25.

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.

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

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