Kirby Co. (NYSE:KEX - Get Free Report) Director Richard Ross Stewart sold 676 shares of Kirby stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $109.60, for a total value of $74,089.60. Following the sale, the director now owns 23,488 shares in the company, valued at $2,574,284.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Richard Ross Stewart also recently made the following trade(s):
- On Thursday, February 22nd, Richard Ross Stewart sold 3,000 shares of Kirby stock. The stock was sold at an average price of $85.62, for a total transaction of $256,860.00.
Kirby Trading Down 0.9 %
Shares of KEX stock opened at $108.17 on Thursday. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 1.75 and a beta of 1.14. The company's fifty day simple moving average is $94.67 and its two-hundred day simple moving average is $84.36. Kirby Co. has a 1 year low of $69.22 and a 1 year high of $114.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.01.
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Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The shipping company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.22. The company had revenue of $808.00 million during the quarter, compared to analysts' expectations of $784.49 million. Kirby had a return on equity of 8.00% and a net margin of 8.01%. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 earnings per share. As a group, analysts anticipate that Kirby Co. will post 5.2 earnings per share for the current year.
Institutional Investors Weigh In On Kirby
A number of institutional investors and hedge funds have recently modified their holdings of the company. Fifth Third Bancorp increased its holdings in Kirby by 28.1% during the 1st quarter. Fifth Third Bancorp now owns 551 shares of the shipping company's stock worth $53,000 after acquiring an additional 121 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Kirby by 1.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,369 shares of the shipping company's stock valued at $988,000 after purchasing an additional 122 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Kirby by 0.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 17,847 shares of the shipping company's stock worth $1,388,000 after purchasing an additional 124 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Kirby by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 26,157 shares of the shipping company's stock worth $2,166,000 after buying an additional 130 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Kirby by 0.3% during the first quarter. Retirement Systems of Alabama now owns 74,214 shares of the shipping company's stock valued at $7,074,000 after buying an additional 195 shares during the period. 96.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. StockNews.com raised shares of Kirby from a "hold" rating to a "buy" rating in a research report on Tuesday, April 16th. BTIG Research raised their target price on Kirby from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, April 3rd. Stifel Nicolaus boosted their target price on Kirby from $100.00 to $118.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Wolfe Research initiated coverage on Kirby in a research note on Monday, April 22nd. They set an "outperform" rating and a $126.00 price target for the company. Finally, Stephens restated an "overweight" rating and issued a $105.00 price objective on shares of Kirby in a research note on Monday, February 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kirby presently has an average rating of "Buy" and an average target price of $116.00.
View Our Latest Research Report on Kirby
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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