Key Points
- Kirby VP William Matthew Woodruff sold 678 shares on Friday for about $99,916.86 at an average price of $147.37, leaving him with just 9 shares after the transaction.
- Kirby beat Wall Street’s expectations in its latest quarterly results, reporting $1.50 EPS on revenue of $844.1 million, both ahead of estimates, with revenue up 7.4% year over year.
- Analyst sentiment remains generally positive, with five Buy ratings and two Hold ratings, and a consensus target price of $146.20 despite a recent downgrade from Weiss Ratings.
Kirby Corporation (NYSE:KEX - Get Free Report) VP William Matthew Woodruff sold 678 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $147.37, for a total transaction of $99,916.86. Following the completion of the sale, the vice president owned 9 shares in the company, valued at $1,326.33. This represents a 98.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Kirby Stock Up 0.6%
KEX stock opened at $146.60 on Tuesday. The company's 50 day simple moving average is $138.89 and its 200-day simple moving average is $124.96. The firm has a market capitalization of $7.84 billion, a PE ratio of 22.55, a P/E/G ratio of 1.50 and a beta of 0.85. Kirby Corporation has a 12 month low of $79.51 and a 12 month high of $157.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.59 and a quick ratio of 1.01.
Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $844.10 million for the quarter, compared to analyst estimates of $832.57 million. Kirby had a net margin of 10.51% and a return on equity of 10.62%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 earnings per share. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities analysts expect that Kirby Corporation will post 6.99 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
KEX has been the topic of several recent analyst reports. Evercore reissued an "outperform" rating and set a $158.00 price objective on shares of Kirby in a research note on Friday, May 1st. BTIG Research upped their price objective on shares of Kirby from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Kirby from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Wolfe Research reissued an "outperform" rating and set a $136.00 price objective on shares of Kirby in a research note on Friday, January 30th. Finally, Zacks Research raised shares of Kirby from a "strong sell" rating to a "hold" rating in a research note on Friday, March 13th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.20.
Check Out Our Latest Report on KEX
Hedge Funds Weigh In On Kirby
Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in Kirby by 30.4% during the first quarter. Goldman Sachs Group Inc. now owns 491,355 shares of the shipping company's stock worth $49,632,000 after purchasing an additional 114,618 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Kirby by 152.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 182,565 shares of the shipping company's stock worth $18,441,000 after purchasing an additional 110,320 shares during the period. Cerity Partners LLC raised its stake in Kirby by 68.6% during the second quarter. Cerity Partners LLC now owns 20,096 shares of the shipping company's stock worth $2,279,000 after purchasing an additional 8,174 shares during the period. California Public Employees Retirement System raised its stake in Kirby by 3.5% during the second quarter. California Public Employees Retirement System now owns 96,565 shares of the shipping company's stock worth $10,951,000 after purchasing an additional 3,292 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Kirby by 52,000.0% during the second quarter. NewEdge Advisors LLC now owns 2,084 shares of the shipping company's stock worth $236,000 after purchasing an additional 2,080 shares during the period. Hedge funds and other institutional investors own 96.15% of the company's stock.
About Kirby
(
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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