Kirby Co. (NYSE:KEX) Director Monte J. Miller sold 1,500 shares of the company’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $64.07, for a total value of $96,105.00. Following the transaction, the director now owns 19,722 shares in the company, valued at $1,263,588.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

KEX stock traded up $0.30 during midday trading on Tuesday, hitting $64.45. The stock had a trading volume of 26,990 shares, compared to its average volume of 470,823. The firm has a market cap of $3.87 billion, a PE ratio of -19.99, a price-to-earnings-growth ratio of 4.27 and a beta of 1.42. The company’s 50-day moving average price is $56.27 and its 200 day moving average price is $47.34. Kirby Co. has a 12-month low of $32.76 and a 12-month high of $72.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.36 and a quick ratio of 1.64.

Kirby (NYSE:KEX) last posted its earnings results on Thursday, January 28th. The shipping company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The business had revenue of $489.80 million for the quarter, compared to analyst estimates of $491.54 million. Kirby had a negative net margin of 8.27% and a positive return on equity of 3.90%. The business’s quarterly revenue was down 25.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. As a group, sell-side analysts anticipate that Kirby Co. will post 1.7 EPS for the current year.

Several large investors have recently bought and sold shares of KEX. Eudaimonia Partners LLC acquired a new position in Kirby in the 4th quarter worth $26,000. Point72 Hong Kong Ltd bought a new stake in shares of Kirby in the 3rd quarter worth about $54,000. Fifth Third Bancorp increased its position in shares of Kirby by 20.6% in the 3rd quarter. Fifth Third Bancorp now owns 1,762 shares of the shipping company’s stock worth $64,000 after purchasing an additional 301 shares during the last quarter. Canton Hathaway LLC bought a new stake in shares of Kirby during the 3rd quarter valued at about $75,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Kirby during the 3rd quarter valued at about $99,000. Institutional investors and hedge funds own 90.26% of the company’s stock.

KEX has been the topic of several recent analyst reports. Zacks Investment Research lowered Kirby from a “hold” rating to a “strong sell” rating and set a $33.00 target price on the stock. in a report on Tuesday, November 3rd. TheStreet raised Kirby from a “d+” rating to a “c” rating in a report on Thursday, December 3rd. Finally, Bank of America raised Kirby from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $54.00 in a report on Wednesday, November 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.00.

Kirby Company Profile

Kirby Corporation operates domestic tank barges in the United States. Its 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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