Kirby Co. (NYSE:KEX) Director Richard Ross Stewart sold 2,500 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $74.67, for a total transaction of $186,675.00. Following the completion of the sale, the director now owns 19,831 shares in the company, valued at approximately $1,480,780.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
KEX stock traded down $0.65 on Tuesday, hitting $73.90. The company’s stock had a trading volume of 113,188 shares, compared to its average volume of 490,674. Kirby Co. has a 1 year low of $60.63 and a 1 year high of $94.05. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 25.84, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.86 and a quick ratio of 1.06.
Get Kirby alerts:Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, January 31st. The shipping company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.07. The firm had revenue of $721.49 million for the quarter, compared to analysts’ expectations of $698.14 million. Kirby had a net margin of 2.64% and a return on equity of 5.44%. As a group, analysts anticipate that Kirby Co. will post 3.55 earnings per share for the current year.
A number of analysts recently weighed in on KEX shares. ValuEngine raised shares of Kirby from a “hold” rating to a “buy” rating in a research report on Friday, November 30th. Zacks Investment Research downgraded shares of Kirby from a “hold” rating to a “sell” rating in a research note on Tuesday, February 5th. Wells Fargo & Co set a $74.00 target price on shares of Kirby and gave the company a “hold” rating in a research note on Saturday, February 2nd. TheStreet downgraded shares of Kirby from a “b-” rating to a “c” rating in a research note on Thursday, January 31st. Finally, BTIG Research began coverage on shares of Kirby in a report on Friday, January 25th. They issued a “neutral” rating and a $67.40 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.28.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its holdings in Kirby by 34.9% in the fourth quarter. Baillie Gifford & Co. now owns 7,688,593 shares of the shipping company’s stock valued at $517,904,000 after buying an additional 1,987,646 shares during the period. BlackRock Inc. raised its stake in shares of Kirby by 0.9% during the fourth quarter. BlackRock Inc. now owns 5,108,644 shares of the shipping company’s stock valued at $344,119,000 after purchasing an additional 45,084 shares during the period. Vanguard Group Inc. grew its position in shares of Kirby by 2.3% during the third quarter. Vanguard Group Inc. now owns 4,718,116 shares of the shipping company’s stock worth $388,066,000 after buying an additional 107,010 shares in the last quarter. Vanguard Group Inc grew its position in shares of Kirby by 2.3% during the third quarter. Vanguard Group Inc now owns 4,718,116 shares of the shipping company’s stock worth $388,066,000 after buying an additional 107,010 shares in the last quarter. Finally, Atlanta Capital Management Co. L L C grew its position in shares of Kirby by 1.7% during the third quarter. Atlanta Capital Management Co. L L C now owns 4,441,618 shares of the shipping company’s stock worth $365,323,000 after buying an additional 74,902 shares in the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.
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About Kirby
Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges 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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