Kirby (NYSE:KEX) VP Sells $1,118,564.46 in Stock

Kirby Corporation (NYSE:KEX) VP Amy Husted sold 10,413 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $107.42, for a total value of $1,118,564.46. Following the transaction, the vice president owned 11,760 shares of the company’s stock, valued at approximately $1,263,259.20. This represents a 46.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kirby Trading Up 0.4%

NYSE:KEX traded up $0.41 during trading hours on Monday, hitting $108.07. The company had a trading volume of 275,269 shares, compared to its average volume of 732,167. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.74 and a quick ratio of 1.12. The stock has a 50-day moving average price of $92.34 and a 200 day moving average price of $101.87. The company has a market capitalization of $5.86 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. Kirby Corporation has a 52 week low of $79.51 and a 52 week high of $131.30.

Kirby (NYSE:KEX) last posted its earnings results on Wednesday, October 29th. The shipping company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.60 by $0.05. Kirby had a net margin of 9.22% and a return on equity of 10.06%. The firm had revenue of $871.16 million during the quarter, compared to analysts’ expectations of $843.29 million. During the same period last year, the company posted $1.55 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Kirby Corporation will post 6.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KEX has been the subject of several research reports. Evercore ISI increased their target price on Kirby from $109.00 to $122.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Zacks Research raised Kirby from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. Citigroup upgraded Kirby from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $128.00 in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Kirby in a report on Wednesday, October 8th. Finally, Bank of America decreased their price target on shares of Kirby from $110.00 to $107.00 and set a “buy” rating for the company in a research note on Wednesday, September 3rd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $123.40.

Institutional Trading of Kirby

A number of hedge funds have recently bought and sold shares of the company. Ethic Inc. boosted its position in Kirby by 3.1% in the second quarter. Ethic Inc. now owns 3,236 shares of the shipping company’s stock worth $372,000 after purchasing an additional 98 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of Kirby by 40.7% in the first quarter. Brooklyn Investment Group now owns 394 shares of the shipping company’s stock worth $40,000 after buying an additional 114 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in Kirby by 67.1% during the second quarter. Bell Investment Advisors Inc now owns 284 shares of the shipping company’s stock valued at $32,000 after buying an additional 114 shares during the last quarter. State of Wyoming increased its holdings in Kirby by 12.8% during the third quarter. State of Wyoming now owns 1,003 shares of the shipping company’s stock valued at $84,000 after buying an additional 114 shares during the last quarter. Finally, Xponance Inc. raised its position in Kirby by 1.8% in the third quarter. Xponance Inc. now owns 6,809 shares of the shipping company’s stock worth $568,000 after acquiring an additional 118 shares during the period. Hedge funds and other 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.