Insider Selling: Kirby Director Sells 2,000 Shares of Stock (KEX)
Kirby (NYSE:KEX) Director William M. Lamont, Jr. sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $120.22, for a total transaction of $240,440.00. Following the sale, the director now directly owns 62,284 shares in the company, valued at approximately $7,487,782. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Kirby (NYSE:KEX) traded down 0.06% during mid-day trading on Thursday, hitting $120.26. The stock had a trading volume of 123,235 shares. Kirby has a 1-year low of $80.74 and a 1-year high of $122.16. The stock has a 50-day moving average of $118. and a 200-day moving average of $109.9. The company has a market cap of $6.862 billion and a price-to-earnings ratio of 25.39.
Kirby (NYSE:KEX) last released its earnings data on Wednesday, July 30th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that Kirby will post $5.11 EPS for the current fiscal year.
A number of research firms have recently commented on KEX. 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Kirby has a consensus 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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