David W. Grzebinski Sells 26,358 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX) CEO David W. Grzebinski sold 26,358 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $120.46, for a total value of $3,175,084.68. Following the completion of the transaction, the chief executive officer now owns 63,399 shares in the company, valued at $7,637,043.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kirby Trading Up 0.2 %

Shares of KEX stock opened at $123.08 on Thursday. The company has a 50-day moving average of $118.33 and a two-hundred day moving average of $111.67. The firm has a market cap of $7.20 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. Kirby Co. has a 1-year low of $72.11 and a 1-year high of $130.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70 and a quick ratio of 1.05.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. Kirby had a net margin of 8.72% and a return on equity of 8.70%. The company had revenue of $824.40 million during the quarter, compared to analysts’ expectations of $821.65 million. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that Kirby Co. will post 5.46 EPS for the current year.

Wall Street Analysts Forecast Growth

KEX has been the subject of a number of research reports. Bank of America upped their target price on shares of Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com upgraded Kirby from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $123.80.

Institutional Investors Weigh In On Kirby

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in shares of Kirby in the 2nd quarter valued at about $26,000. ORG Partners LLC purchased a new position in shares of Kirby in the 2nd quarter valued at approximately $32,000. Opal Wealth Advisors LLC purchased a new stake in shares of Kirby during the second quarter worth approximately $33,000. Blue Trust Inc. lifted its holdings in shares of Kirby by 91.0% during the second quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock worth $35,000 after purchasing an additional 141 shares during the period. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in Kirby in the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Company Profile

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.