Brokerages Set Kirby Co. (NYSE:KEX) PT at $123.80

Shares of Kirby Co. (NYSE:KEX) have earned an average rating of “Buy” from the five research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $123.80.

Separately, StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research note on Thursday.

Insider Transactions at Kirby

In other news, VP Ronald A. Dragg sold 2,313 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $127.30, for a total transaction of $294,444.90. Following the sale, the vice president now owns 7,683 shares of the company’s stock, valued at $978,045.90. This trade represents a 23.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Ross Stewart sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $128.21, for a total value of $1,025,680.00. Following the sale, the director now directly owns 15,488 shares in the company, valued at approximately $1,985,716.48. This represents a 34.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,354 shares of company stock valued at $3,275,455 over the last 90 days. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in shares of Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock worth $25,000 after acquiring an additional 168 shares during the period. International Assets Investment Management LLC bought a new position in shares of Kirby during the 2nd quarter worth approximately $26,000. ORG Wealth Partners LLC bought a new position in shares of Kirby during the 3rd quarter worth approximately $30,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Kirby during the 2nd quarter worth approximately $37,000. Finally, Brooklyn Investment Group bought a new position in shares of Kirby during the 3rd quarter worth approximately $42,000. 96.15% of the stock is currently owned by institutional investors.

Kirby Trading Up 1.0 %

KEX stock opened at $105.12 on Friday. The company has a market cap of $6.03 billion, a P/E ratio of 20.18, a PEG ratio of 0.69 and a beta of 1.21. Kirby has a twelve month low of $74.88 and a twelve month high of $132.21. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $117.70 and a 200-day moving average of $119.24.

Kirby (NYSE:KEX) last released its earnings results on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The company had revenue of $831.10 million during the quarter, compared to the consensus estimate of $824.42 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that Kirby will post 5.45 EPS for the current year.

About Kirby

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.