Kirby (NYSE:KEX) Sets New 1-Year High at $101.02

Kirby Co. (NYSE:KEX) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $101.02 and last traded at $100.85, with a volume of 67267 shares changing hands. The stock had previously closed at $99.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KEX. StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research report on Monday. Stephens reiterated an “overweight” rating and issued a $105.00 target price on shares of Kirby in a research report on Monday, February 5th. Finally, BTIG Research lifted their target price on shares of Kirby from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd.

Kirby Stock Down 0.8 %

The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21. The business’s 50-day moving average is $89.46 and its two-hundred day moving average is $82.29. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.32.

Kirby (NYSE:KEX) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $799.18 million for the quarter, compared to analyst estimates of $778.70 million. Kirby had a net margin of 7.21% and a return on equity of 7.12%. Kirby’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. Equities analysts anticipate that Kirby Co. will post 4.94 EPS for the current year.

Insider Buying and Selling

In other Kirby news, insider Dorman Lynn Strahan sold 3,423 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $95.11, for a total value of $325,561.53. Following the transaction, the insider now directly owns 21,054 shares in the company, valued at approximately $2,002,445.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Ronald A. Dragg sold 1,413 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $84.68, for a total value of $119,652.84. Following the sale, the vice president now directly owns 10,651 shares of the company’s stock, valued at approximately $901,926.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dorman Lynn Strahan sold 3,423 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $95.11, for a total transaction of $325,561.53. Following the completion of the sale, the insider now directly owns 21,054 shares in the company, valued at $2,002,445.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,931 shares of company stock worth $4,883,929. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Kirby

Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd purchased a new stake in Kirby during the 1st quarter worth approximately $47,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Kirby during the 4th quarter worth approximately $53,000. Coppell Advisory Solutions Corp. purchased a new stake in Kirby during the 4th quarter worth approximately $45,000. NBC Securities Inc. purchased a new stake in Kirby during the 3rd quarter worth approximately $59,000. Finally, Quest Partners LLC purchased a new stake in Kirby during the 4th quarter worth approximately $58,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Kirby Company Profile

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.