Kirby Corp. (KEX): Today's Featured Transportation Laggard

Kirby ( KEX) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Kirby fell $1.06 (-2%) to $52.75 on light volume. Throughout the day, 247,672 shares of Kirby exchanged hands as compared to its average daily volume of 692,700 shares. The stock ranged in price between $52.18-$53.65 after having opened the day at $53.58 as compared to the previous trading day's close of $53.81. Other companies within the Transportation industry that declined today were: DS Torm ( TRMD), down 8.9%, Scorpio Tankers ( STNG), down 8.2%, Radiant Logistics ( RLGT), down 7.9%, and Sino-Global Shipping America ( SINO), down 7%.

Kirby Corporation, through its subsidiaries, provides marine transportation and diesel engine services primarily in the United States. Its Marine Transportation segment provides transportation services for the inland and coastal markets. Kirby has a market cap of $3.01 billion and is part of the services sector. The company has a P/E ratio of 14.5, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 18.3% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Kirby a buy, no analysts rate it a sell, and one rates it a hold.

TheStreet Ratings rates Kirby as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Seanergy Maritime Holdings ( SHIP), up 6.8%, Vitran Corporation ( VTNC), up 5.2%, Covenant Transportation Group ( CVTI), up 4.9%, and Quality Distribution ( QLTY), up 3.9%, were all gainers within the transportation industry with Delta Air Lines ( DAL) being today's featured transportation industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).
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