Scott P. Miller Sells 487 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX) VP Scott P. Miller sold 487 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $99.78, for a total transaction of $48,592.86. Following the transaction, the vice president now directly owns 1,000 shares of the company’s stock, valued at $99,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kirby Stock Down 1.2 %

KEX stock opened at $97.91 on Friday. Kirby Co. has a 52 week low of $66.42 and a 52 week high of $101.17. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. The firm’s 50-day moving average is $90.08 and its two-hundred day moving average is $82.50. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32.

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

Institutional Trading of Kirby

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on KEX shares. StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Stephens restated an “overweight” rating and set a $105.00 price target on shares of Kirby in a research report on Monday, February 5th. Finally, BTIG Research boosted their price target on shares of Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd.

About Kirby

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.