William Matthew Woodruff Sells 2,000 Shares of Kirby (NYSE:KEX) Stock

Kirby Corporation (NYSE:KEX) VP William Matthew Woodruff sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $121.88, for a total value of $243,760.00. Following the sale, the vice president directly owned 687 shares in the company, valued at $83,731.56. This trade represents a 74.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kirby Stock Performance

NYSE KEX opened at $121.51 on Friday. The business has a 50 day moving average price of $118.52 and a 200 day moving average price of $104.00. The company has a market capitalization of $6.59 billion, a P/E ratio of 19.20, a PEG ratio of 1.08 and a beta of 0.88. Kirby Corporation has a 1-year low of $79.51 and a 1-year high of $132.18. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.70 and a quick ratio of 1.08.

Kirby (NYSE:KEX) last posted its earnings results on Thursday, January 29th. The shipping company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. Kirby had a return on equity of 10.55% and a net margin of 10.54%.The company had revenue of $851.78 million for the quarter, compared to the consensus estimate of $857.82 million. During the same period in the previous year, the business earned $1.29 earnings per share. Kirby’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts expect that Kirby Corporation will post 6.57 EPS for the current fiscal year.

Analyst Ratings Changes

KEX has been the subject of a number of research reports. Evercore lifted their target price on shares of Kirby from $109.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. BTIG Research cut their price objective on Kirby from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Wall Street Zen upgraded Kirby from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Citigroup boosted their price target on Kirby from $145.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Wolfe Research restated an “outperform” rating and issued a $136.00 price objective on shares of Kirby in a research report on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.40.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Maseco LLP purchased a new stake in shares of Kirby in the fourth quarter valued at $27,000. IFP Advisors Inc acquired a new stake in Kirby in the 2nd quarter worth about $29,000. First Horizon Corp purchased a new stake in Kirby in the 3rd quarter valued at about $30,000. Rothschild Investment LLC grew its holdings in Kirby by 2,600.0% in the 4th quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after buying an additional 260 shares during the period. Finally, Bell Investment Advisors Inc increased its stake in shares of Kirby by 67.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 284 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

About Kirby

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America’s largest fleets of inland tank barges and towing vessels. Kirby’s fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby’s Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.