Kirby Co. (NYSE:KEX) VP Sells $361,018.62 in Stock

Kirby Co. (NYSE:KEX) VP Amy D. Husted sold 2,853 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $126.54, for a total transaction of $361,018.62. Following the completion of the transaction, the vice president now directly owns 5,280 shares of the company’s stock, valued at approximately $668,131.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kirby Stock Down 1.9 %

Shares of Kirby stock traded down $2.41 during midday trading on Friday, reaching $124.61. 356,253 shares of the company’s stock traded hands, compared to its average volume of 457,476. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. The company’s 50 day simple moving average is $118.45 and its 200 day simple moving average is $111.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.70. Kirby Co. has a 52 week low of $72.11 and a 52 week high of $130.90.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, August 1st. The shipping company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.32 by $0.11. The firm had revenue of $824.40 million for the quarter, compared to the consensus estimate of $821.65 million. Kirby had a net margin of 8.72% and a return on equity of 8.70%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. Equities analysts expect that Kirby Co. will post 5.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KEX. Bank of America raised their price objective on shares of Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kirby presently has a consensus rating of “Buy” and an average target price of $123.80.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KEX. CANADA LIFE ASSURANCE Co grew its position in Kirby by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company’s stock worth $2,792,000 after purchasing an additional 108 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Kirby by 1.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,369 shares of the shipping company’s stock worth $988,000 after purchasing an additional 122 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Kirby by 0.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 17,847 shares of the shipping company’s stock worth $1,388,000 after purchasing an additional 124 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Kirby by 3.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,372 shares of the shipping company’s stock worth $523,000 after purchasing an additional 133 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Kirby by 91.0% in the 2nd quarter. Blue Trust Inc. now owns 296 shares of the shipping company’s stock worth $35,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 96.15% of the company’s stock.

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.