Kirby Co. (NYSE:KEX) Director William M. Waterman sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $90.52, for a total value of $2,263,000.00. Following the transaction, the director now directly owns 87,832 shares in the company, valued at $7,950,552.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of KEX opened at $90.25 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.99 and a quick ratio of 1.29. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 44.02, a P/E/G ratio of 2.23 and a beta of 0.93. Kirby Co. has a 52 week low of $59.25 and a 52 week high of $91.45.
Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, April 25th. The shipping company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.08. The firm had revenue of $741.70 million during the quarter, compared to analyst estimates of $690.64 million. Kirby had a return on equity of 4.35% and a net margin of 12.91%. The company’s revenue for the quarter was up 50.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. analysts expect that Kirby Co. will post 2.96 EPS for the current year.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Kirby from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Wednesday, May 2nd. Stifel Nicolaus set a $88.00 price target on Kirby and gave the stock a “buy” rating in a research note on Thursday, April 5th. Wells Fargo upped their price target on Kirby from $89.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 1st. Evercore ISI raised Kirby from an “in-line” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Thursday, February 1st. Finally, OTR Global raised Kirby to a “positive” rating in a research note on Thursday, March 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $85.44.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Westwood Holdings Group Inc. increased its holdings in Kirby by 15.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 5,375 shares of the shipping company’s stock worth $414,000 after purchasing an additional 700 shares in the last quarter. UBS Group AG grew its holdings in shares of Kirby by 8.0% in the first quarter. UBS Group AG now owns 10,464 shares of the shipping company’s stock valued at $805,000 after acquiring an additional 773 shares in the last quarter. Aperio Group LLC grew its holdings in shares of Kirby by 7.1% in the first quarter. Aperio Group LLC now owns 11,888 shares of the shipping company’s stock valued at $915,000 after acquiring an additional 790 shares in the last quarter. Equity Investment Corp grew its holdings in shares of Kirby by 14.9% in the first quarter. Equity Investment Corp now owns 7,025 shares of the shipping company’s stock valued at $541,000 after acquiring an additional 910 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Kirby by 3.8% in the first quarter. Great West Life Assurance Co. Can now owns 27,119 shares of the shipping company’s stock valued at $2,086,000 after acquiring an additional 1,000 shares in the last quarter. 94.49% of the stock is owned by hedge funds and other institutional investors.
Kirby Corporation operates domestic tank barges in the United States. It operates in two segments, Marine Transportation and Distribution and Services. The Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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