Ronald A. Dragg Sells 2,313 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX) VP Ronald A. Dragg sold 2,313 shares of Kirby stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $127.30, for a total transaction of $294,444.90. Following the completion of the sale, the vice president now owns 7,683 shares in the company, valued at approximately $978,045.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kirby Trading Up 1.2 %

KEX stock opened at $127.29 on Friday. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $130.90. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 0.75 and a beta of 1.17. The company has a quick ratio of 1.05, a current ratio of 1.70 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $121.16 and its two-hundred day simple moving average is $119.09.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.49%. The company had revenue of $831.10 million for the quarter, compared to the consensus estimate of $824.42 million. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that Kirby Co. will post 5.44 earnings per share for the current year.

Institutional Investors Weigh In On Kirby

A number of institutional investors and hedge funds have recently modified their holdings of the business. Scout Investments Inc. increased its stake in Kirby by 66.5% in the first quarter. Scout Investments Inc. now owns 108,814 shares of the shipping company’s stock worth $10,299,000 after purchasing an additional 43,465 shares during the period. Sei Investments Co. lifted its holdings in Kirby by 32.4% during the 1st quarter. Sei Investments Co. now owns 66,833 shares of the shipping company’s stock valued at $6,371,000 after buying an additional 16,373 shares in the last quarter. SG Americas Securities LLC boosted its position in Kirby by 201.8% in the 2nd quarter. SG Americas Securities LLC now owns 16,213 shares of the shipping company’s stock valued at $1,941,000 after buying an additional 10,841 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in Kirby in the 1st quarter valued at about $1,031,000. Finally, Bessemer Group Inc. increased its position in shares of Kirby by 23.2% during the first quarter. Bessemer Group Inc. now owns 250,710 shares of the shipping company’s stock worth $23,897,000 after acquiring an additional 47,134 shares during the period. 96.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KEX has been the subject of a number of research analyst reports. StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. Bank of America raised their price target on Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Kirby has a consensus rating of “Moderate Buy” and an average price target 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.