Kirby Co. (NYSE:KEX) VP Amy D. Husted Sells 2,853 Shares

Kirby Co. (NYSE:KEX) VP Amy D. Husted sold 2,853 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $126.54, for a total transaction of $361,018.62. Following the sale, the vice president now directly owns 5,280 shares in the company, valued at $668,131.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kirby Stock Down 1.9 %

Shares of NYSE KEX traded down $2.41 during trading on Friday, reaching $124.61. 356,253 shares of the stock were exchanged, compared to its average volume of 457,476. The business’s 50-day moving average price is $118.45 and its 200 day moving average price is $111.77. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $130.90. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.32.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.11. The company had revenue of $824.40 million during the quarter, compared to analysts’ expectations of $821.65 million. Kirby had a net margin of 8.72% and a return on equity of 8.70%. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 EPS. As a group, equities analysts forecast that Kirby Co. will post 5.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Kirby

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Kirby in the second quarter valued at approximately $26,000. ORG Partners LLC bought a new position in shares of Kirby in the second quarter valued at approximately $32,000. Opal Wealth Advisors LLC bought a new stake in Kirby during the second quarter worth approximately $33,000. Blue Trust Inc. boosted its holdings in 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 buying an additional 141 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new stake in Kirby during the second quarter worth approximately $37,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KEX. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Bank of America raised their price target on shares of Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Kirby presently has a consensus rating of “Buy” and a consensus target price of $123.80.

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.