Kirby Co. (NYSE:KEX) VP Ronald A. Dragg Sells 2,313 Shares of Stock

Kirby Co. (NYSE:KEX) VP Ronald A. Dragg sold 2,313 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $127.30, for a total value of $294,444.90. Following the sale, the vice president now owns 7,683 shares in the company, valued at approximately $978,045.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kirby Stock Up 1.2 %

KEX stock opened at $127.32 on Friday. The stock has a market cap of $7.37 billion, a P/E ratio of 24.44, a PEG ratio of 0.75 and a beta of 1.17. The company has a current ratio of 1.70, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $130.90. The company’s 50 day moving average is $121.16 and its two-hundred day moving average is $118.97.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.49%. The firm had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. During the same period last year, the business earned $1.05 EPS. Kirby’s revenue for the quarter was up 8.7% compared to the same quarter last year. Research analysts expect that Kirby Co. will post 5.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on KEX shares. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. Bank of America boosted their target price on shares of Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Kirby presently has an average rating of “Moderate Buy” and a consensus target price of $123.80.

Institutional Trading of Kirby

Institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Kirby by 10.5% during the 1st quarter. Janus Henderson Group PLC now owns 955,587 shares of the shipping company’s stock worth $91,086,000 after buying an additional 90,586 shares during the last quarter. Encompass Capital Advisors LLC boosted its holdings in shares of Kirby by 33.9% in the second quarter. Encompass Capital Advisors LLC now owns 887,384 shares of the shipping company’s stock valued at $106,246,000 after acquiring an additional 224,802 shares during the period. Hood River Capital Management LLC grew its position in shares of Kirby by 5.7% during the second quarter. Hood River Capital Management LLC now owns 812,283 shares of the shipping company’s stock worth $97,255,000 after acquiring an additional 43,685 shares during the last quarter. Select Equity Group L.P. acquired a new position in shares of Kirby in the 2nd quarter valued at $65,928,000. Finally, Millennium Management LLC raised its position in Kirby by 13.1% in the 2nd quarter. Millennium Management LLC now owns 533,326 shares of the shipping company’s stock valued at $63,855,000 after purchasing an additional 61,573 shares during the last quarter. 96.15% of the stock is owned by hedge funds and other institutional investors.

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.