Scott P. Miller Sells 6,705 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEXGet Free Report) VP Scott P. Miller sold 6,705 shares of Kirby stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $95.05, for a total transaction of $637,310.25. Following the completion of the transaction, the vice president now directly owns 1,000 shares of the company’s stock, valued at $95,050. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kirby Trading Up 0.3 %

NYSE KEX opened at $95.32 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.68. The company has a 50-day simple moving average of $86.47 and a 200-day simple moving average of $81.57. The firm has a market capitalization of $5.58 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.60 and a beta of 1.20. Kirby Co. has a one year low of $66.42 and a one year high of $95.79.

Kirby (NYSE:KEXGet Free Report) last posted its earnings results on Thursday, February 1st. The shipping company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $799.18 million during the quarter, compared to analyst estimates of $778.70 million. Kirby had a net margin of 7.21% and a return on equity of 7.12%. Kirby’s revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 EPS. On average, equities analysts forecast that Kirby Co. will post 4.94 earnings per share for the current year.

Analysts Set New Price Targets

KEX has been the subject of several research reports. Stephens reaffirmed an “overweight” rating and issued a $105.00 price target on shares of Kirby in a report on Monday, February 5th. StockNews.com raised shares of Kirby from a “hold” rating to a “buy” rating in a report on Monday, March 25th.

Get Our Latest Research Report on KEX

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Kirby by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 6,015,915 shares of the shipping company’s stock valued at $498,118,000 after purchasing an additional 64,420 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Kirby by 2.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 714,337 shares of the shipping company’s stock valued at $59,147,000 after purchasing an additional 16,685 shares during the period. Campbell & CO Investment Adviser LLC lifted its stake in shares of Kirby by 168.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 10,891 shares of the shipping company’s stock worth $902,000 after acquiring an additional 6,828 shares during the period. Scout Investments Inc. acquired a new stake in shares of Kirby in the 3rd quarter worth approximately $6,191,000. Finally, EAM Investors LLC acquired a new stake in shares of Kirby in the 3rd quarter worth approximately $1,621,000. 96.15% of the stock is owned by institutional investors and hedge funds.

About Kirby

(Get Free Report)

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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Insider Buying and Selling by Quarter for Kirby (NYSE:KEX)

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