Kirby Co. (NYSE:KEX) Director Richard Ross Stewart Sells 8,000 Shares of Stock

Kirby Co. (NYSE:KEX) Director Richard Ross Stewart sold 8,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total transaction of $1,025,680.00. Following the sale, the director now directly owns 15,488 shares of the company’s stock, valued at $1,985,716.48. This represents a 34.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kirby Stock Performance

KEX opened at $128.28 on Friday. Kirby Co. has a 52-week low of $72.11 and a 52-week high of $132.21. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.36 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17. The firm’s 50-day moving average price is $123.54 and its 200-day moving average price is $120.27.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The firm had revenue of $831.10 million for the quarter, compared to the consensus estimate of $824.42 million. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities analysts anticipate that Kirby Co. will post 5.45 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research note on Sunday, September 22nd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

Hedge Funds Weigh In On Kirby

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Kirby by 0.3% in the third quarter. Geode Capital Management LLC now owns 961,303 shares of the shipping company’s stock valued at $117,724,000 after buying an additional 2,784 shares during the last quarter. M&T Bank Corp boosted its position in Kirby by 3.5% in the third quarter. M&T Bank Corp now owns 14,787 shares of the shipping company’s stock valued at $1,810,000 after buying an additional 506 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Kirby by 3.0% in the third quarter. Orion Portfolio Solutions LLC now owns 19,946 shares of the shipping company’s stock valued at $2,442,000 after buying an additional 572 shares during the last quarter. iSAM Funds UK Ltd boosted its position in Kirby by 131.0% in the third quarter. iSAM Funds UK Ltd now owns 4,107 shares of the shipping company’s stock valued at $503,000 after buying an additional 2,329 shares during the last quarter. Finally, Virtus Fund Advisers LLC boosted its position in Kirby by 38.8% in the third quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company’s stock valued at $102,000 after buying an additional 233 shares during the last quarter. 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.