Hermes Investment Management Ltd. reduced its position in shares of Kirby Corporation (NYSE:KEX) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 786,034 shares of the shipping company’s stock after selling 113,958 shares during the period. Hermes Investment Management Ltd. owned approximately 1.46% of Kirby Corporation worth $51,839,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Kirby Corporation by 12,366.8% during the first quarter. BlackRock Inc. now owns 5,003,672 shares of the shipping company’s stock worth $353,010,000 after acquiring an additional 4,963,536 shares during the period. Atlanta Capital Management Co. L L C grew 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 during the period. Vanguard Group Inc. grew its holdings in Kirby Corporation by 4.7% during the second quarter. Vanguard Group Inc. now owns 4,356,474 shares of the shipping company’s stock worth $291,231,000 after acquiring an additional 197,084 shares during the period. Baillie Gifford & Co. grew its holdings in Kirby Corporation by 1.8% during the second quarter. Baillie Gifford & Co. now owns 3,212,470 shares of the shipping company’s stock worth $214,754,000 after acquiring an additional 55,935 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Kirby Corporation by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,927,962 shares of the shipping company’s stock worth $128,885,000 after acquiring an additional 24,514 shares during the period.

Shares of Kirby Corporation (NYSE:KEX) traded up 0.30% during trading on Friday, reaching $66.25. The company had a trading volume of 185,065 shares. The firm has a market capitalization of $3.58 billion, a P/E ratio of 30.36 and a beta of 1.01. Kirby Corporation has a 52-week low of $55.11 and a 52-week high of $74.50. The company has a 50 day moving average of $64.68 and a 200-day moving average of $65.73.

Kirby Corporation (NYSE:KEX) last released its quarterly earnings data on Wednesday, July 26th. The shipping company reported $0.48 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 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 revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities analysts expect that Kirby Corporation will post $1.96 earnings per share for the current year.

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A number of research analysts recently issued reports on the company. BidaskClub lowered Kirby Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Kirby Corporation in a report on Monday. Zacks Investment Research lowered Kirby Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $69.00 target price on shares of Kirby Corporation in a report on Friday, July 28th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $70.00 target price 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 assigned a hold rating and two have issued a buy rating to the stock. Kirby Corporation presently has an average rating of “Hold” and an average price target of $71.71.

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

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