Kirby Corporation (KEX) : Lafitte Capital Management Lp scooped up 11,500 additional shares in Kirby Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 136,500 shares of Kirby Corporation which is valued at $8,852,025.Kirby Corporation makes up approximately 5.18% of Lafitte Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Aqr Capital Management reduced its stake in KEX by selling 16,606 shares or 60.38% in the most recent quarter. The Hedge Fund company now holds 10,898 shares of KEX which is valued at $706,735.Hodges Capital Management reduced its stake in KEX by selling 110 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 195,460 shares of KEX which is valued at $12,656,035. Kirby Corporation makes up approx 0.59% of Hodges Capital Management’s portfolio.Diamond Hill Capital Management Inc boosted its stake in KEX in the latest quarter, The investment management firm added 58,127 additional shares and now holds a total of 1,258,657 shares of Kirby Corporation which is valued at $78,666,063. Kirby Corporation makes up approx 0.48% of Diamond Hill Capital Management Inc’s portfolio.Retirement Systems Of Alabama reduced its stake in KEX by selling 82 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 69,401 shares of KEX which is valued at $4,059,959. Kirby Corporation makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.Vaughan Nelson Investment Management reduced its stake in KEX by selling 8,100 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 589,525 shares of KEX which is valued at $33,231,524. Kirby Corporation makes up approx 0.40% of Vaughan Nelson Investment Management’s portfolio.
Kirby Corporation opened for trading at $62.55 and hit $63.8 on the upside on Monday, eventually ending the session at $63.55, with a gain of 1.76% or 1.1 points. The heightened volatility saw the trading volume jump to 5,35,836 shares. Company has a market cap of $3,422 M.
On the company’s financial health, Kirby Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.56. The company had revenue of $434.70 million for the quarter, compared to analysts expectations of $406.88 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.04 EPS.
Many Wall Street Analysts have commented on Kirby Corporation. Seaport Global Securities Initiated Kirby Corporation on Nov 10, 2016 to “Neutral”, Price Target of the shares are set at $55.Company shares were Reiterated by Stifel on Sep 28, 2016 to “Hold”, Firm has raised the Price Target to $ 54 from a previous price target of $50 .Company shares were Upgraded by RBC Capital Mkts on Sep 20, 2016 to ” Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $55 .
Kirby Corporation is the domestic tank barge operator transporting bulk liquid products. The Company through its subsidiaries operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment sells replacement parts provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines transmissions reduction gears pumps and compression products maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines transmissions and entire reduction gears and manufactures and remanufactures oilfield service equipment including pressure pumping units. Its customers include oil service companies offshore fishing companies nuclear power industry compression companies and construction companies among others.