Kirby Corporation (NYSE:KEX) saw unusually large options trading on Wednesday. Investors bought 1,311 call options on the company. This is an increase of Infinity compared to the average volume of 0 call options.
KEX has been the subject of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Kirby Corporation in a research note on Monday, October 16th. downgraded shares of Kirby Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 1st. restated a “hold” rating and set a $70.00 price target on shares of Kirby Corporation in a research report on Friday, July 28th. reissued a “hold” rating and issued a $69.00 price target on shares of Kirby Corporation in a research report on Friday, July 28th. Finally, downgraded shares of Kirby Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $74.17.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. lifted its stake in Kirby Corporation by 0.6% in the second quarter. Citigroup Inc. now owns 7,699 shares of the shipping company’s stock worth $515,000 after purchasing an additional 48 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of 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 in the last quarter. Utah Retirement Systems grew its holdings in Kirby Corporation by 1.0% during the second quarter. Utah Retirement Systems now owns 9,739 shares of the shipping company’s stock valued at $651,000 after purchasing an additional 100 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Kirby Corporation by 0.4% during the second quarter. Great West Life Assurance Co. Can now owns 27,882 shares of the shipping company’s stock valued at $1,862,000 after purchasing an additional 117 shares during the last quarter. Finally, Capstone Asset Management Co. grew its stake in shares of Kirby Corporation by 2.0% in the second quarter. Capstone Asset Management Co. now owns 6,019 shares of the shipping company’s stock worth $402,000 after acquiring an additional 120 shares during the last quarter.
Shares of Kirby Corporation (KEX) opened at $62.80 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93. Kirby Corporation has a one year low of $59.25 and a one year high of $74.50. The company has a market capitalization of $3,745.99, a P/E ratio of 29.74, a P/E/G ratio of 3.91 and a beta of 1.07.
Kirby Corporation (NYSE:KEX) last announced its quarterly earnings results on Wednesday, November 1st. The shipping company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.08. Kirby Corporation had a return on equity of 4.48% and a net margin of 5.88%. The company had revenue of $541.30 million during the quarter, compared to analysts’ expectations of $517.54 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. analysts forecast that Kirby Corporation will post 2.01 EPS for the current fiscal year.
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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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