Kirby Co. (KEX) VP Sells $417,768.78 in Stock

Kirby Co. (NYSE:KEX) VP David R. Mosley sold 5,694 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $73.37, for a total value of $417,768.78. Following the transaction, the vice president now owns 17,692 shares of the company’s stock, valued at $1,298,062.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Kirby Co. (NYSE:KEX) traded up $0.30 during mid-day trading on Wednesday, reaching $74.90. The company’s stock had a trading volume of 458,727 shares, compared to its average volume of 542,811. The company has a market capitalization of $4,375.79, a P/E ratio of 13.92, a P/E/G ratio of 2.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.93. Kirby Co. has a 1-year low of $59.25 and a 1-year high of $80.90.

Kirby (NYSE:KEX) last issued its earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $708.10 million during the quarter, compared to the consensus estimate of $612.61 million. Kirby had a return on equity of 4.37% and a net margin of 14.14%. The firm’s revenue for the quarter was up 62.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. research analysts predict that Kirby Co. will post 2.8 EPS for the current year.

A number of brokerages have recently issued reports on KEX. Stephens restated a “hold” rating and set a $70.00 price objective on shares of Kirby in a research report on Wednesday, January 10th. Evercore ISI upgraded Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Thursday, February 1st. Zacks Investment Research upgraded Kirby from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, February 6th. Wells Fargo & Co upgraded Kirby from a “market perform” rating to an “outperform” rating and set a $83.00 price objective for the company in a research report on Monday, January 22nd. Finally, Jefferies Group assumed coverage on Kirby in a research report on Monday, December 18th. They set a “buy” rating and a $85.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $79.40.

A number of hedge funds have recently modified their holdings of KEX. Ladenburg Thalmann Financial Services Inc. increased its holdings in Kirby by 79.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock worth $127,000 after purchasing an additional 857 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Kirby by 4,295.2% during the fourth quarter. Advisory Services Network LLC now owns 2,725 shares of the shipping company’s stock valued at $182,000 after acquiring an additional 2,663 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Kirby during the second quarter valued at approximately $204,000. State of Alaska Department of Revenue bought a new stake in shares of Kirby during the fourth quarter valued at approximately $207,000. Finally, Trust Co bought a new stake in shares of Kirby during the third quarter valued at approximately $208,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

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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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