Amy Husted Sells 4,000 Shares of Kirby (NYSE:KEX) Stock

Kirby Corporation (NYSE:KEX) VP Amy Husted sold 4,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $145.43, for a total value of $581,720.00. Following the sale, the vice president directly owned 10,814 shares of the company’s stock, valued at approximately $1,572,680.02. This trade represents a 27.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kirby Trading Up 0.0%

KEX opened at $146.72 on Wednesday. Kirby Corporation has a 52 week low of $79.51 and a 52 week high of $157.69. The business has a fifty day simple moving average of $139.27 and a 200-day simple moving average of $125.28. The firm has a market cap of $7.85 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.51 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29.

Kirby (NYSE:KEX) last released its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The business had revenue of $844.10 million during the quarter, compared to analyst estimates of $832.57 million. During the same period last year, the business posted $1.33 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. On average, equities analysts expect that Kirby Corporation will post 6.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KEX. Goldman Sachs Group Inc. grew its stake in Kirby by 92.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock worth $287,803,000 after purchasing an additional 1,251,700 shares in the last quarter. First Trust Advisors LP grew its stake in Kirby by 109.4% during the 4th quarter. First Trust Advisors LP now owns 2,256,667 shares of the shipping company’s stock worth $248,640,000 after purchasing an additional 1,178,963 shares in the last quarter. Alliancebernstein L.P. grew its stake in Kirby by 72.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after purchasing an additional 959,209 shares in the last quarter. Norges Bank acquired a new position in Kirby during the 4th quarter worth $81,355,000. Finally, Congress Asset Management Co. acquired a new position in Kirby during the 4th quarter worth $58,385,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Zacks Research upgraded Kirby from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Citigroup raised their price target on Kirby from $147.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Evercore restated an “outperform” rating and set a $158.00 price target on shares of Kirby in a research report on Friday, May 1st. Wolfe Research restated an “outperform” rating and set a $136.00 price target on shares of Kirby in a research report on Friday, January 30th. Finally, Weiss Ratings lowered Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.20.

Kirby Company Profile

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America’s largest fleets of inland tank barges and towing vessels. Kirby’s fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby’s Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.