Insider Selling: Kirby VP Sells 1,337 Shares of Stock (KEX)
Kirby (NYSE:KEX) VP Ronald A. Dragg unloaded 1,337 shares of Kirby stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $120.27, for a total transaction of $160,800.99. Following the sale, the vice president now directly owns 9,184 shares of the company’s stock, valued at approximately $1,104,560. The sale was disclosed in a document filed with the SEC, which is available at this link.
Kirby (NYSE:KEX) traded down 0.37% during mid-day trading on Friday, hitting $120.67. 5,917 shares of the company’s stock traded hands. Kirby has a 52-week low of $79.33 and a 52-week high of $121.72. The stock has a 50-day moving average of $117.9 and a 200-day moving average of $108.4. The company has a market cap of $6.885 billion and a price-to-earnings ratio of 25.55.
Kirby (NYSE:KEX) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.08 earnings per share. Kirby’s revenue was up 11.4% compared to the same quarter last year. Analysts expect that Kirby will post $5.11 EPS for the current fiscal year.
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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $134.17.
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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