ValuEngine upgraded shares of Kirby (NYSE:KEX) from a hold rating to a buy rating in a report published on Tuesday morning.

A number of other analysts have also weighed in on the stock. Zacks Investment Research raised shares of Kirby from a sell rating to a hold rating in a report on Thursday, November 1st. Wells Fargo & Co decreased their target price on shares of Kirby from $91.00 to $90.00 and set a buy rating on the stock in a report on Monday, October 29th. Finally, Gabelli raised shares of Kirby from a hold rating to a buy rating and set a $96.00 target price on the stock in a report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Kirby presently has a consensus rating of Buy and a consensus price target of $89.25.

NYSE KEX opened at $76.01 on Tuesday. Kirby has a 12-month low of $61.80 and a 12-month high of $94.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.17 and a current ratio of 1.86. The company has a market capitalization of $4.64 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Thursday, October 25th. The shipping company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $704.85 million for the quarter, compared to analyst estimates of $780.20 million. Kirby had a net margin of 11.30% and a return on equity of 5.05%. Research analysts predict that Kirby will post 2.82 earnings per share for the current fiscal year.

In other news, insider Dorman Lynn Strahan sold 3,170 shares of the stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $86.88, for a total value of $275,409.60. Following the transaction, the insider now owns 29,389 shares of the company’s stock, valued at approximately $2,553,316.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J H. Pyne sold 52,934 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $87.88, for a total transaction of $4,651,839.92. Following the completion of the transaction, the director now directly owns 225,233 shares in the company, valued at approximately $19,793,476.04. The disclosure for this sale can be found here. Insiders have sold a total of 57,604 shares of company stock worth $5,057,375 in the last ninety days. 2.40% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Kirby by 2.0% in the 3rd quarter. BlackRock Inc. now owns 5,063,560 shares of the shipping company’s stock worth $416,479,000 after buying an additional 101,346 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Kirby by 2.6% in the 2nd quarter. King Luther Capital Management Corp now owns 1,991,901 shares of the shipping company’s stock worth $166,523,000 after buying an additional 50,353 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Kirby by 1.9% in the 2nd quarter. Royce & Associates LP now owns 1,303,446 shares of the shipping company’s stock worth $108,968,000 after buying an additional 24,730 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Kirby by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 1,070,573 shares of the shipping company’s stock worth $89,499,000 after buying an additional 111,281 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Kirby by 8.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,019,019 shares of the shipping company’s stock worth $83,815,000 after buying an additional 83,099 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Kirby Company Profile

Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.

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Analyst Recommendations for Kirby (NYSE:KEX)

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