Kirby Co. (NYSE:KEX) Director Sells $303,475.00 in Stock

Kirby Co. (NYSE:KEX) Director Richard J. Alario sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $121.39, for a total value of $303,475.00. Following the completion of the transaction, the director now owns 25,317 shares in the company, valued at approximately $3,073,230.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kirby Stock Up 1.0 %

Shares of NYSE:KEX opened at $122.39 on Friday. The company has a 50 day moving average price of $104.28 and a two-hundred day moving average price of $88.82. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.81. The company has a market capitalization of $7.16 billion, a PE ratio of 28.93, a PEG ratio of 0.81 and a beta of 1.14. Kirby Co. has a 52 week low of $71.21 and a 52 week high of $123.53.

Kirby (NYSE:KEX) last released its quarterly earnings data on Friday, April 26th. The shipping company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.22. The business had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $784.49 million. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. Analysts forecast that Kirby Co. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on KEX shares. BTIG Research raised their target price on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Wolfe Research began coverage on shares of Kirby in a research report on Monday, April 22nd. They set an “outperform” rating and a $126.00 target price for the company. Stifel Nicolaus raised their price target on Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Stephens reiterated an “overweight” rating and issued a $105.00 price objective on shares of Kirby in a report on Monday, February 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kirby has an average rating of “Buy” and a consensus target price of $119.50.

Institutional Investors Weigh In On Kirby

A number of hedge funds have recently modified their holdings of KEX. Park West Asset Management LLC acquired a new position in shares of Kirby in the 4th quarter valued at approximately $61,824,000. Norges Bank bought a new position in Kirby in the fourth quarter valued at approximately $51,781,000. FMR LLC boosted its holdings in shares of Kirby by 30.9% in the third quarter. FMR LLC now owns 2,100,068 shares of the shipping company’s stock valued at $173,886,000 after buying an additional 495,541 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Kirby during the first quarter worth $22,877,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Kirby by 21.4% during 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 acquiring an additional 157,880 shares during the period. Institutional investors and hedge funds own 96.15% of the company’s stock.

About Kirby

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.