Insider Selling: William Lamont Jr Sells 4,000 Shares of Kirby Corp. Stock (KEX)
Kirby Corp. (NYSE:KEX) Director William Lamont, Jr. sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $84.06, for a total transaction of $336,240.00. Following the transaction, the director now directly owns 61,284 shares in the company. The transaction was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Kirby Corp. (NYSE:KEX) from $85.00 to $90.00 in a research note to investors on Friday, July 26th. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Kirby Corp. (NYSE:KEX) from $82.00 to $92.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Kirby Corp. (NYSE:KEX) from $79.00 to $90.00 in a research note to investors on Thursday, July 25th. They now have an “overweight” rating on the stock.
Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $84.33.
Kirby Corp. (NYSE:KEX) traded up 1.44% on Wednesday, hitting $85.25. The stock had a trading volume of 427,247 shares. Kirby Corp. has a 52 week low of $53.60 and a 52 week high of $88.48. The stock has a 50-day moving average of $83.58 and a 200-day moving average of $79.05. The company has a market cap of $4.839 billion and a price-to-earnings ratio of 20.60.
Kirby Corp. (NYSE:KEX) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.03. The company had revenue of $563.91 million for the quarter, compared to the consensus estimate of $566.44 million. During the same quarter last year, the company posted $0.85 earnings per share. Kirby Corp.’s revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Kirby Corp. will post $4.25 earnings per share for the current fiscal year.
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and along all three United States coasts and in Alaska and Hawaii.
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