Kirby Co. (NYSE:KEX) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $88.60.

Several brokerages recently weighed in on KEX. Zacks Investment Research raised Kirby from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Wells Fargo & Co downgraded Kirby from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, ValuEngine downgraded Kirby from a “buy” rating to a “hold” rating in a report on Wednesday, October 24th.

Shares of NYSE KEX traded down $0.58 during mid-day trading on Friday, hitting $68.11. 448,481 shares of the company were exchanged, compared to its average volume of 471,585. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 1.06. Kirby has a 1-year low of $60.63 and a 1-year high of $94.05. The company has a market cap of $4.20 billion, a PE ratio of 33.22, a P/E/G ratio of 1.45 and a beta of 1.01.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Thursday, October 25th. The shipping company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06. Kirby had a return on equity of 5.05% and a net margin of 11.30%. The firm had revenue of $704.85 million during the quarter, compared to the consensus estimate of $780.20 million. Analysts anticipate that Kirby will post 2.82 earnings per share for the current fiscal year.

In other Kirby news, VP Amy D. Husted sold 1,200 shares of the stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $74.79, for a total value of $89,748.00. Following the completion of the transaction, the vice president now owns 15,246 shares in the company, valued at $1,140,248.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in KEX. Baillie Gifford & Co. increased its position in shares of Kirby by 87.1% in the third quarter. Baillie Gifford & Co. now owns 5,700,947 shares of the shipping company’s stock valued at $468,902,000 after buying an additional 2,653,183 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Kirby by 1,431.0% in the third quarter. Federated Investors Inc. PA now owns 881,776 shares of the shipping company’s stock valued at $72,526,000 after buying an additional 824,181 shares in the last quarter. Capital International Investors purchased a new stake in Kirby during the 3rd quarter worth about $47,952,000. Scopus Asset Management L.P. purchased a new stake in Kirby during the 3rd quarter worth about $19,740,000. Finally, Diamond Hill Capital Management Inc. increased its position in Kirby by 9.5% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,131,916 shares of the shipping company’s stock worth $175,350,000 after purchasing an additional 185,738 shares in the last quarter. Hedge funds and other institutional investors own 94.11% of the company’s stock.

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.

See Also: Fundamental Analysis

Analyst Recommendations for Kirby (NYSE:KEX)

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