Kirby (NYSE:KEX) PT Raised to $115.00

Kirby (NYSE:KEXGet Free Report) had its price objective increased by research analysts at BTIG Research from $100.00 to $115.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the shipping company’s stock. BTIG Research’s price target would suggest a potential upside of 18.79% from the company’s current price.

A number of other equities research analysts have also weighed in on KEX. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Stephens reiterated an “overweight” rating and issued a $105.00 price objective on shares of Kirby in a report on Monday, February 5th.

View Our Latest Research Report on KEX

Kirby Trading Up 2.4 %

KEX traded up $2.25 on Wednesday, hitting $96.81. The company had a trading volume of 94,273 shares, compared to its average volume of 379,815. Kirby has a 12-month low of $66.42 and a 12-month high of $97.34. The business’s fifty day simple moving average is $87.13 and its 200 day simple moving average is $81.64. The company has a market cap of $5.67 billion, a PE ratio of 25.92, a PEG ratio of 1.60 and a beta of 1.21. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.32.

Kirby (NYSE:KEXGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The company had revenue of $799.18 million during the quarter, compared to the consensus estimate of $778.70 million. Kirby had a net margin of 7.21% and a return on equity of 7.12%. Kirby’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. Equities research analysts expect that Kirby will post 4.94 EPS for the current year.

Insider Buying and Selling

In other Kirby news, insider Christian G. O’neil sold 8,994 shares of Kirby stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $85.15, for a total value of $765,839.10. Following the transaction, the insider now directly owns 16,079 shares in the company, valued at $1,369,126.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Christian G. O’neil sold 8,994 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $85.15, for a total transaction of $765,839.10. Following the sale, the insider now owns 16,079 shares of the company’s stock, valued at $1,369,126.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott P. Miller sold 1,828 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $79.60, for a total transaction of $145,508.80. Following the sale, the vice president now directly owns 1,000 shares in the company, valued at approximately $79,600. The disclosure for this sale can be found here. Insiders have sold 55,931 shares of company stock worth $4,883,929 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kirby

Institutional investors have recently modified their holdings of the company. 1832 Asset Management L.P. raised its position in shares of Kirby by 87.0% in the second quarter. 1832 Asset Management L.P. now owns 404 shares of the shipping company’s stock valued at $31,000 after buying an additional 188 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Kirby in the first quarter valued at approximately $47,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Kirby in the fourth quarter valued at approximately $53,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Kirby in the fourth quarter valued at approximately $45,000. Finally, NBC Securities Inc. acquired a new position in shares of Kirby in the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

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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