Kirby Corporation (KEX) Hit 52-Week High

May 17, 2018 - By Melody Miller

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.01, from 1.04 in 2017Q3. It is positive, as 26 investors sold Kirby Corporation shares while 69 reduced holdings. 27 funds opened positions while 73 raised stakes. 54.86 million shares or 2.77% less from 56.43 million shares in 2017Q3 were reported.
State Board Of Administration Of Florida Retirement Sys has 0.01% invested in Kirby Corporation (NYSE:KEX) for 71,593 shares. Regions Fincl owns 250 shares for 0% of their portfolio. Moreover, Glg Ptnrs Limited Partnership has 0.19% invested in Kirby Corporation (NYSE:KEX). Pub Employees Retirement Association Of Colorado stated it has 5,026 shares. Barrow Hanley Mewhinney & Strauss Lc invested 0% of its portfolio in Kirby Corporation (NYSE:KEX). Massachusetts-based Fiduciary Trust has invested 0.01% in Kirby Corporation (NYSE:KEX). Nuveen Asset Management Limited Liability Company, a Illinois-based fund reported 150,444 shares. 153,792 are owned by Goldman Sachs Gru Inc. Royal Commercial Bank Of Canada has 16,783 shares for 0% of their portfolio. Adell Harriman And Carpenter Inc invested in 0.06% or 4,085 shares. Geode Capital Management Ltd Limited Liability Company owns 449,883 shares. Lord Abbett holds 248,907 shares or 0.05% of its portfolio. First Mercantile stated it has 1,914 shares or 0.03% of all its holdings. 9,839 are owned by Utah Retirement. Manufacturers Life Commerce The reported 0.01% of its portfolio in Kirby Corporation (NYSE:KEX).

Since February 5, 2018, it had 0 insider buys, and 8 selling transactions for $14.68 million activity. $417,769 worth of stock was sold by Mosley David R on Monday, February 12. PYNE J H had sold 138,036 shares worth $12.19M on Friday, May 4. ALARIO RICHARD J had sold 17,153 shares worth $1.47M on Monday, April 30. 1,735 Kirby Corporation (NYSE:KEX) shares with value of $132,745 were sold by STRAHAN DORMAN LYNN. 2,336 shares were sold by Miller Monte J, worth $180,106 on Monday, February 5. Castro Renato A sold $88,937 worth of stock.

The stock of Kirby Corporation (NYSE:KEX) hit a new 52-week high and has $98.43 target or 9.00 % above today’s $90.30 share price. The 8 months bullish chart indicates low risk for the $5.39B company. The 1-year high was reported on May, 17 by Barchart.com. If the $98.43 price target is reached, the company will be worth $485.19 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.17% or $0.15 during the last trading session, reaching $90.3. About 177,362 shares traded. Kirby Corporation (NYSE:KEX) has risen 11.73% since May 17, 2017 and is uptrending. It has outperformed by 0.18% the S&P500.

Analysts await Kirby Corporation (NYSE:KEX) to report earnings on July, 25. They expect $0.71 EPS, up 47.92 % or $0.23 from last year’s $0.48 per share. KEX’s profit will be $42.39 million for 31.80 P/E if the $0.71 EPS becomes a reality. After $0.67 actual EPS reported by Kirby Corporation for the previous quarter, Wall Street now forecasts 5.97 % EPS growth.

Kirby Corporation (NYSE:KEX) Ratings Coverage

Among 7 analysts covering Kirby (NYSE:KEX), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Kirby had 11 analyst reports since December 18, 2017 according to SRatingsIntel. The stock of Kirby Corporation (NYSE:KEX) earned “Hold” rating by Stephens on Friday, February 2. As per Thursday, February 1, the company rating was maintained by Bank of America. The firm has “Outperform” rating given on Friday, February 2 by Evercore. The stock of Kirby Corporation (NYSE:KEX) has “Buy” rating given on Friday, April 27 by Stifel Nicolaus. The company was initiated on Monday, December 18 by Jefferies. The rating was upgraded by Wells Fargo on Monday, January 22 to “Buy”. The company was maintained on Thursday, April 5 by Stifel Nicolaus. The firm earned “Hold” rating on Tuesday, January 16 by Gabelli. The stock has “Outperform” rating by Wells Fargo on Tuesday, May 1. Stephens maintained it with “Hold” rating and $70.0 target in Monday, January 8 report.

Another recent and important Kirby Corporation (NYSE:KEX) news was published by Seekingalpha.com which published an article titled: “Kirby’s Recovery Prospects No Longer Undervalued” on May 09, 2018.

Kirby Corporation operates domestic tank barges in the United States. The company has market cap of $5.39 billion. The company's 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. It has a 16.08 P/E ratio. This segment transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barges.

Kirby Corporation (NYSE:KEX) Institutional Positions Chart

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