Kirby Co. (NYSE:KEX – Get Free Report) CEO David W. Grzebinski sold 3,000 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $120.31, for a total value of $360,930.00. Following the completion of the transaction, the chief executive officer now directly owns 63,399 shares in the company, valued at approximately $7,627,533.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Kirby Price Performance
Shares of NYSE:KEX opened at $119.73 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 0.33. The company has a market cap of $7.01 billion, a P/E ratio of 28.30, a PEG ratio of 0.73 and a beta of 1.17. Kirby Co. has a 52 week low of $72.11 and a 52 week high of $124.92. The company has a 50-day moving average price of $116.41 and a 200 day moving average price of $96.43.
Kirby (NYSE:KEX – Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The shipping company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.22. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The firm had revenue of $808.00 million during the quarter, compared to the consensus estimate of $784.49 million. During the same quarter last year, the firm earned $0.68 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Research analysts predict that Kirby Co. will post 5.3 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on KEX shares. BTIG Research increased their target price on Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Bank of America upped their price objective on shares of Kirby from $131.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, June 17th. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Wolfe Research started coverage on shares of Kirby in a research note on Monday, April 22nd. They issued an “outperform” rating and a $126.00 price objective for the company. Finally, Stifel Nicolaus increased their target price on shares of Kirby from $131.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $123.20.
View Our Latest Stock Analysis on Kirby
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.
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