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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Kirby ( KEX) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 1.0%. By the end of trading, Kirby fell $1.48 (-1.5%) to $97.29 on heavy volume. Throughout the day, 810,562 shares of Kirby exchanged hands as compared to its average daily volume of 280,500 shares. The stock ranged in price between $97.10-$99.92 after having opened the day at $98.46 as compared to the previous trading day's close of $98.77. Other companies within the Transportation industry that declined today were: Allegiant Travel Company ( ALGT), down 8.6%, Seanergy Maritime Holdings ( SHIP), down 8.3%, Providence & Worcester Railroad Company ( PWX), down 6.2% and Genco Shipping & Trading ( GNK), down 3.5%.

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 $5.7 billion and is part of the services sector. The company has a P/E ratio of 23.0, above the S&P 500 P/E ratio of 17.7. Shares are down 0.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Kirby a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Kirby as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Paragon Shipping ( PRGN), up 10.6%, USA Truck ( USAK), up 9.2%, Globus Maritime ( GLBS), up 6.4% and China Metro-Rural Holdings ( CNR), up 6.2% , were all gainers within the transportation industry with Union Pacific ( UNP) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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