Kirby Co. (NYSE:KEX) insider Joseph H. Reniers sold 9,075 shares of Kirby stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $82.17, for a total value of $745,692.75. Following the sale, the insider now owns 30,576 shares of the company’s stock, valued at $2,512,429.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Kirby stock traded up $0.73 during trading on Friday, hitting $82.89. 439,912 shares of the stock traded hands, compared to its average volume of 469,962. The stock has a market cap of $4.83 billion, a P/E ratio of 28.98, a PEG ratio of 2.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.19 and a current ratio of 2.00. Kirby Co. has a twelve month low of $60.63 and a twelve month high of $86.44. The company has a fifty day moving average price of $74.67 and a two-hundred day moving average price of $77.40.
Kirby (NYSE:KEX) last announced its quarterly earnings results on Thursday, July 25th. The shipping company reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.02). The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $767.04 million. Kirby had a net margin of 3.70% and a return on equity of 5.47%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. On average, equities research analysts expect that Kirby Co. will post 2.97 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in shares of Kirby by 103.1% in the 2nd quarter. Advisory Services Network LLC now owns 325 shares of the shipping company’s stock valued at $26,000 after acquiring an additional 165 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of Kirby by 27.2% in the 2nd quarter. Carroll Financial Associates Inc. now owns 626 shares of the shipping company’s stock valued at $49,000 after acquiring an additional 134 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kirby by 32.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 823 shares of the shipping company’s stock valued at $65,000 after acquiring an additional 201 shares in the last quarter. Huntington National Bank raised its stake in shares of Kirby by 10.1% in the 2nd quarter. Huntington National Bank now owns 1,663 shares of the shipping company’s stock valued at $131,000 after acquiring an additional 152 shares in the last quarter. Finally, Callahan Advisors LLC bought a new position in shares of Kirby in the 2nd quarter valued at approximately $201,000. 94.98% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on KEX shares. ValuEngine upgraded Kirby from a “hold” rating to a “buy” rating in a report on Tuesday. TheStreet upgraded Kirby from a “c+” rating to a “b-” rating in a report on Wednesday. Finally, Stephens upgraded Kirby from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $93.00 to $96.00 in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $81.13.
Kirby Company Profile
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges 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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