Kirby Co. (KEX) Director Monte J. Miller Sells 2,336 Shares

Kirby Co. (NYSE:KEX) Director Monte J. Miller sold 2,336 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $77.10, for a total value of $180,105.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kirby Co. (KEX) traded down $0.70 during mid-day trading on Wednesday, hitting $76.45. The stock had a trading volume of 564,194 shares, compared to its average volume of 514,625. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4,560.00, a PE ratio of 36.40, a P/E/G ratio of 3.48 and a beta of 1.03. Kirby Co. has a 52 week low of $59.25 and a 52 week high of $80.90.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.03. The company had revenue of $708.10 million during the quarter, compared to analysts’ expectations of $612.61 million. Kirby had a return on equity of 4.37% and a net margin of 14.14%. Kirby’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. sell-side analysts anticipate that Kirby Co. will post 2.79 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Kirby by 79.8% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock worth $127,000 after buying an additional 857 shares during the period. Verition Fund Management LLC acquired a new position in shares of Kirby during the second quarter worth about $204,000. State of Alaska Department of Revenue acquired a new position in shares of Kirby during the fourth quarter worth about $207,000. Trust Co acquired a new position in Kirby during the third quarter valued at approximately $208,000. Finally, Boothbay Fund Management LLC acquired a new position in Kirby during the third quarter valued at approximately $209,000. 96.21% of the stock is owned by institutional investors.

A number of research firms have issued reports on KEX. Stephens set a $89.00 target price on Kirby and gave the company a “hold” rating in a research note on Monday. Zacks Investment Research raised Kirby from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday. Evercore ISI raised Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Thursday, February 1st. Bank of America boosted their target price on Kirby from $65.00 to $66.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Co raised Kirby from a “market perform” rating to an “outperform” rating and set a $83.00 target price for the company in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $79.10.

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About Kirby

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

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