Key Points
- Kirby COO Christian O'Neil sold 11,145 shares on Dec. 22 at an average price of $111.68 for total proceeds of $1,244,673.60, reducing his stake by 42.9% to 14,835 shares, according to an SEC filing.
- Kirby shares trade around $110.84 with a one‑year range of $79.51–$122.50 and a $6.01B market cap; the company recently beat quarterly EPS and revenue estimates and carries an average analyst rating of Moderate Buy with a $124 price target.
Kirby Corporation (NYSE:KEX - Get Free Report) COO Christian O'neil sold 11,145 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $111.68, for a total transaction of $1,244,673.60. Following the transaction, the chief operating officer directly owned 14,835 shares of the company's stock, valued at approximately $1,656,772.80. This trade represents a 42.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Kirby Price Performance
Kirby stock opened at $110.84 on Friday. The company's 50 day simple moving average is $106.39 and its 200-day simple moving average is $102.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.08 and a current ratio of 1.70. Kirby Corporation has a 1 year low of $79.51 and a 1 year high of $122.50. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.08 and a beta of 0.88.
Kirby (NYSE:KEX - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The shipping company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.05. Kirby had a net margin of 9.22% and a return on equity of 10.05%. The firm had revenue of $871.16 million during the quarter, compared to analysts' expectations of $843.29 million. During the same quarter last year, the company posted $1.55 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that Kirby Corporation will post 6.57 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on KEX shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Kirby in a report on Wednesday, October 8th. Citigroup raised their target price on Kirby from $128.00 to $131.00 and gave the company a "buy" rating in a report on Friday, December 19th. Wall Street Zen upgraded shares of Kirby from a "hold" rating to a "buy" rating in a research note on Saturday, November 1st. Zacks Research raised shares of Kirby from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 3rd. Finally, BTIG Research reissued a "buy" rating and issued a $125.00 price objective on shares of Kirby in a research note on Thursday, September 18th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Kirby currently has an average rating of "Moderate Buy" and an average price target of $124.00.
View Our Latest Stock Analysis on Kirby
Institutional Investors Weigh In On Kirby
A number of hedge funds have recently bought and sold shares of KEX. Vanguard Group Inc. grew its position in shares of Kirby by 2.4% during the third quarter. Vanguard Group Inc. now owns 5,667,853 shares of the shipping company's stock worth $472,982,000 after buying an additional 134,261 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Kirby by 72.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company's stock worth $258,900,000 after acquiring an additional 959,209 shares in the last quarter. Select Equity Group L.P. increased its position in shares of Kirby by 10.8% in the 2nd quarter. Select Equity Group L.P. now owns 2,165,929 shares of the shipping company's stock valued at $245,638,000 after purchasing an additional 211,231 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Kirby by 8.5% in the 3rd quarter. King Luther Capital Management Corp now owns 1,570,001 shares of the shipping company's stock valued at $131,017,000 after purchasing an additional 122,733 shares in the last quarter. Finally, Encompass Capital Advisors LLC raised its holdings in shares of Kirby by 32.4% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,225,338 shares of the shipping company's stock valued at $138,966,000 after purchasing an additional 299,981 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company's stock.
Kirby Company Profile
(
Get Free Report)
Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America's largest fleets of inland tank barges and towing vessels. Kirby's fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.
In addition to its marine operations, Kirby's Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.
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