Dorman Lynn Strahan Sells 1,665 Shares of Kirby Co. (KEX) Stock

Kirby Co. (NYSE:KEX) insider Dorman Lynn Strahan sold 1,665 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $74.56, for a total transaction of $124,142.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dorman Lynn Strahan also recently made the following trade(s):

  • On Wednesday, February 7th, Dorman Lynn Strahan sold 1,735 shares of Kirby stock. The shares were sold at an average price of $76.51, for a total transaction of $132,744.85.

Kirby Co. (NYSE:KEX) opened at $75.95 on Friday. The firm has a market cap of $4,530.00, a P/E ratio of 36.17, a price-to-earnings-growth ratio of 2.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23. Kirby Co. has a 12 month low of $59.25 and a 12 month high of $80.90.

Kirby (NYSE:KEX) last released its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. The firm had revenue of $708.10 million for the quarter, compared to analyst estimates of $612.61 million. Kirby had a net margin of 14.14% and a return on equity of 4.37%. The company’s revenue for the quarter was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. equities research analysts expect that Kirby Co. will post 2.79 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. increased its stake in shares of Kirby by 40.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,491,202 shares of the shipping company’s stock worth $164,295,000 after purchasing an additional 713,836 shares during the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Kirby by 65.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 788,653 shares of the shipping company’s stock worth $52,721,000 after purchasing an additional 313,184 shares during the last quarter. Lodge Hill Capital LLC acquired a new position in shares of Kirby during the 4th quarter worth $20,708,000. Thrivent Financial For Lutherans increased its stake in shares of Kirby by 40.4% during the 4th quarter. Thrivent Financial For Lutherans now owns 947,379 shares of the shipping company’s stock worth $63,285,000 after purchasing an additional 272,436 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its stake in shares of Kirby by 10.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,680,707 shares of the shipping company’s stock worth $179,071,000 after purchasing an additional 262,965 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Several brokerages recently commented on KEX. Stephens set a $89.00 price target on shares of Kirby and gave the company a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Kirby from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, February 6th. Evercore ISI upgraded shares of Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price target for the company in a research report on Thursday, February 1st. Bank of America upped their price objective on shares of Kirby from $66.00 to $69.00 and gave the company an “underperform” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Co upgraded shares of Kirby from a “market perform” rating to an “outperform” rating and set a $83.00 price objective on the stock in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $79.40.

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Kirby Company Profile

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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