Kirby Co. (NYSE:KEX) VP Sells $40,717.56 in Stock

Kirby Co. (NYSE:KEX – Get Rating) VP Scott P. Miller sold 607 shares of the business’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $67.08, for a total transaction of $40,717.56. The sale was disclosed in a document filed with the SEC, which is available at this link.

KEX traded down $0.74 during trading on Monday, hitting $64.46. 5,964 shares of the stock were exchanged, compared to its average volume of 595,512. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -17.15, a P/E/G ratio of 2.57 and a beta of 1.40. Kirby Co. has a 1-year low of $47.58 and a 1-year high of $75.08. The company’s fifty day simple moving average is $68.30. The company has a quick ratio of 1.24, a current ratio of 1.85 and a debt-to-equity ratio of 0.40.

Kirby (NYSE:KEX – Get Rating) last announced its earnings results on Thursday, April 28th. The shipping company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Kirby had a negative net margin of 9.58% and a positive return on equity of 1.84%. The business had revenue of $610.78 million for the quarter, compared to analysts’ expectations of $586.68 million. During the same period in the previous year, the company posted ($0.06) EPS. The company’s quarterly revenue was up 22.9% on a year-over-year basis. On average, analysts forecast that Kirby Co. will post 2.14 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in KEX. Econ Financial Services Corp purchased a new position in Kirby in the 1st quarter valued at $66,000. Spire Wealth Management acquired a new stake in shares of Kirby in the 4th quarter worth $89,000. Huntington National Bank boosted its holdings in shares of Kirby by 12.0% in the fourth quarter. Huntington National Bank now owns 1,599 shares of the shipping company’s stock valued at $95,000 after acquiring an additional 171 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Kirby by 18.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,225 shares of the shipping company’s stock worth $107,000 after acquiring an additional 351 shares during the period. Finally, Ellevest Inc. raised its holdings in Kirby by 38.0% during the first quarter. Ellevest Inc. now owns 1,568 shares of the shipping company’s stock worth $113,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

KEX has been the subject of several analyst reports. BTIG Research raised Kirby from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, January 28th. StockNews.com started coverage on shares of Kirby in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of Kirby from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 5th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.25.

About Kirby (Get Rating)

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.

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