Insider Selling: Kirby VP Sells 1,337 Shares of Stock (KEX)
Kirby (NYSE:KEX) VP Ronald A. Dragg sold 1,337 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $120.27, for a total value of $160,800.99. Following the completion of the transaction, the vice president now directly owns 9,184 shares of the company’s stock, valued at approximately $1,104,560. 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 RBC Capital raised their price target on shares of Kirby from $127.00 to $135.00 in a research note on Friday, August 1st. Separately, analysts at Jefferies Group raised their price target on shares of Kirby from $125.00 to $135.00 in a research note on Friday, August 1st. Finally, analysts at Credit Suisse raised their price target on shares of Kirby from $115.00 to $130.00 in a research note on Thursday, July 31st. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $134.17.
Kirby (NYSE:KEX) traded up 0.07% on Wednesday, hitting $120.97. The stock had a trading volume of 218,223 shares. Kirby has a 52-week low of $79.33 and a 52-week high of $121.55. The stock has a 50-day moving average of $117.7 and a 200-day moving average of $108.2. The company has a market cap of $6.903 billion and a P/E ratio of 25.50.
Kirby (NYSE:KEX) last released its earnings data on Wednesday, July 30th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.01. The company had revenue of $628.05 million for the quarter, compared to the consensus estimate of $614.10 million. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Kirby will post $5.11 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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