Insider Selling: Kirby Co. (NYSE:KEX) Insider Sells 3,423 Shares of Stock

Kirby Co. (NYSE:KEX) insider Dorman Lynn Strahan sold 3,423 shares of Kirby stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $95.11, for a total transaction of $325,561.53. Following the transaction, the insider now owns 21,054 shares in the company, valued at approximately $2,002,445.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kirby Trading Up 0.1 %

NYSE KEX traded up $0.09 during mid-day trading on Thursday, reaching $95.12. 102,292 shares of the stock were exchanged, compared to its average volume of 383,588. Kirby Co. has a one year low of $66.42 and a one year high of $95.79. The stock has a 50 day simple moving average of $85.75 and a 200-day simple moving average of $81.40. The stock has a market cap of $5.56 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.61 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.68 and a quick ratio of 1.01.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, February 1st. The shipping company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Kirby had a net margin of 7.21% and a return on equity of 7.12%. The business had revenue of $799.18 million during the quarter, compared to the consensus estimate of $778.70 million. During the same quarter last year, the firm earned $0.67 earnings per share. Kirby’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts anticipate that Kirby Co. will post 4.94 EPS for the current year.

Hedge Funds Weigh In On Kirby

A number of hedge funds have recently bought and sold shares of KEX. 1832 Asset Management L.P. raised its holdings in shares of Kirby by 87.0% during the second quarter. 1832 Asset Management L.P. now owns 404 shares of the shipping company’s stock valued at $31,000 after purchasing an additional 188 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Kirby during the first quarter valued at about $47,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Kirby during the fourth quarter valued at about $53,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Kirby during the fourth quarter valued at about $45,000. Finally, NBC Securities Inc. acquired a new position in shares of Kirby during the third quarter valued at about $59,000. Institutional investors own 96.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KEX shares. StockNews.com upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Monday. Stephens reiterated an “overweight” rating and set a $105.00 price target on shares of Kirby in a report on Monday, February 5th.

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.