Kirby Co. (NYSE:KEX - Get Free Report) insider Dorman Lynn Strahan sold 3,423 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $95.11, for a total value of $325,561.53. Following the sale, the insider now owns 21,054 shares in the company, valued at $2,002,445.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kirby Stock Up 0.3 %
Shares of NYSE KEX opened at $95.33 on Friday. Kirby Co. has a one year low of $66.42 and a one year high of $95.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.01. The firm's 50 day simple moving average is $86.12 and its two-hundred day simple moving average is $81.50. The stock has a market capitalization of $5.58 billion, a P/E ratio of 25.63, a PEG ratio of 1.60 and a beta of 1.20.
Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The shipping company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.01. Kirby had a net margin of 7.21% and a return on equity of 7.12%. The business had revenue of $799.18 million for the quarter, compared to analysts' expectations of $778.70 million. During the same period last year, the business earned $0.67 earnings per share. The business's quarterly revenue was up 9.5% on a year-over-year basis. As a group, analysts expect that Kirby Co. will post 4.94 EPS for the current fiscal year.
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Several research analysts recently weighed in on KEX shares. Stephens restated an "overweight" rating and issued a $105.00 price objective on shares of Kirby in a research report on Monday, February 5th. StockNews.com upgraded shares of Kirby from a "hold" rating to a "buy" rating in a research report on Monday.
Get Our Latest Report on Kirby
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Orion Portfolio Solutions LLC grew its position in Kirby by 0.7% during the fourth quarter. Orion Portfolio Solutions LLC now owns 17,847 shares of the shipping company's stock valued at $1,388,000 after acquiring an additional 124 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of Kirby by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 26,157 shares of the shipping company's stock valued at $2,166,000 after purchasing an additional 130 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of Kirby by 87.0% during the second quarter. 1832 Asset Management L.P. now owns 404 shares of the shipping company's stock valued at $31,000 after purchasing an additional 188 shares during the period. US Bancorp DE boosted its stake in shares of Kirby by 10.6% during the second quarter. US Bancorp DE now owns 2,218 shares of the shipping company's stock valued at $171,000 after purchasing an additional 212 shares during the period. Finally, Keene & Associates Inc. boosted its stake in shares of Kirby by 5.9% during the third quarter. Keene & Associates Inc. now owns 5,238 shares of the shipping company's stock valued at $434,000 after purchasing an additional 290 shares during the period. 96.15% of the stock is currently owned by institutional investors.
About Kirby
(
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Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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