Kirby Co. (NYSE:KEX) VP Sells $57,125.10 in Stock

Kirby Co. (NYSE:KEX) VP Ronald A. Dragg sold 690 shares of Kirby stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $82.79, for a total transaction of $57,125.10. Following the completion of the transaction, the vice president now owns 11,076 shares of the company’s stock, valued at approximately $916,982.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NYSE:KEX traded up $2.56 on Wednesday, hitting $83.22. 516,199 shares of the company’s stock were exchanged, compared to its average volume of 470,364. Kirby Co. has a 1-year low of $60.63 and a 1-year high of $86.44. The company has a market capitalization of $4.83 billion, a PE ratio of 29.10, a P/E/G ratio of 2.49 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. The firm’s 50-day moving average is $74.56 and its 200 day moving average is $77.38.

Kirby (NYSE:KEX) last issued its earnings results on Thursday, July 25th. The shipping company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.02). The business had revenue of $771.00 million for the quarter, compared to analyst estimates of $767.04 million. Kirby had a return on equity of 5.47% and a net margin of 3.70%. Kirby’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, analysts anticipate that Kirby Co. will post 2.97 EPS for the current fiscal year.



Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC raised its holdings in Kirby by 103.1% during the second quarter. Advisory Services Network LLC now owns 325 shares of the shipping company’s stock worth $26,000 after purchasing an additional 165 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Kirby by 27.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 626 shares of the shipping company’s stock worth $49,000 after buying an additional 134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 buying an additional 201 shares in the last quarter. Huntington National Bank boosted its holdings 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 buying an additional 152 shares in the last quarter. Finally, Callahan Advisors LLC purchased a new position in shares of Kirby in the 2nd quarter valued at $201,000. Institutional investors own 94.98% of the company’s stock.

A number of brokerages have commented on KEX. TheStreet downgraded shares of Kirby from a “b” rating to a “c+” rating in a research report on Thursday, August 15th. Stephens raised shares of Kirby from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $93.00 to $96.00 in a research report on Monday, July 29th. Finally, ValuEngine upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $81.13.

About Kirby

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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