Kirby Co. (NYSE:KEX - Get Free Report) VP William Matthew Woodruff sold 3,750 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $109.25, for a total transaction of $409,687.50. Following the completion of the sale, the vice president now owns 941 shares in the company, valued at $102,804.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Kirby Stock Up 1.3 %
NYSE:KEX opened at $109.53 on Friday. Kirby Co. has a one year low of $69.22 and a one 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. The company has a market cap of $6.41 billion, a PE ratio of 25.89, a P/E/G ratio of 1.73 and a beta of 1.14. The firm's 50 day simple moving average is $95.13 and its 200 day simple moving average is $84.53.
Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The shipping company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.22. The company had revenue of $808.00 million for the quarter, compared to analysts' expectations of $784.49 million. Kirby had a net margin of 8.01% and a return on equity of 8.00%. Kirby's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, research analysts anticipate that Kirby Co. will post 5.2 earnings per share for the current year.
Analyst Ratings Changes
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Several equities analysts have recently commented on KEX shares. Stifel Nicolaus upped their target price on Kirby from $100.00 to $118.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Stephens restated an "overweight" rating and set a $105.00 price objective on shares of Kirby in a research report on Monday, February 5th. StockNews.com raised shares of Kirby from a "hold" rating to a "buy" rating in a report on Tuesday, April 16th. Wolfe Research initiated coverage on shares of Kirby in a research report on Monday, April 22nd. They set an "outperform" rating and a $126.00 price objective for the company. Finally, BTIG Research boosted their target price on shares of Kirby from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kirby currently has a consensus rating of "Buy" and an average price target of $116.00.
View Our Latest Stock Analysis on Kirby
Institutional Trading of Kirby
Institutional investors have recently added to or reduced their stakes in the stock. Park West Asset Management LLC acquired a new position in shares of Kirby in the 4th quarter worth approximately $61,824,000. Norges Bank bought a new position in shares of Kirby in the fourth quarter valued at approximately $51,781,000. FMR LLC increased its holdings in Kirby by 30.9% during the 3rd quarter. FMR LLC now owns 2,100,068 shares of the shipping company's stock worth $173,886,000 after acquiring an additional 495,541 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Kirby by 21.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 896,257 shares of the shipping company's stock worth $85,432,000 after purchasing an additional 157,880 shares during the period. Finally, RK Capital Management LLC purchased a new stake in shares of Kirby in the third quarter worth $8,412,000. 96.15% of the stock is currently owned by institutional investors.
Kirby Company Profile
(
Get Free Report)
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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