Insider Selling: Kirby Co. (NYSE:KEX) VP Sells 1,244 Shares of Stock

Kirby Co. (NYSE:KEX) VP Scott P. Miller sold 1,244 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total transaction of $133,866.84. Following the completion of the transaction, the vice president now owns 5,545 shares in the company, valued at approximately $596,697.45. This represents a 18.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kirby Price Performance

NYSE KEX traded down $1.61 on Thursday, reaching $107.09. The company had a trading volume of 628,079 shares, compared to its average volume of 749,663. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $6.15 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 0.55 and a beta of 1.19. The firm’s 50 day moving average price is $110.68 and its 200 day moving average price is $117.43. Kirby Co. has a 12 month low of $83.24 and a 12 month high of $132.21.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Kirby had a return on equity of 9.78% and a net margin of 8.78%. As a group, equities analysts predict that Kirby Co. will post 6.54 earnings per share for the current year.

Analyst Ratings Changes

KEX has been the topic of several recent research reports. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus decreased their price objective on shares of Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Institutional Investors Weigh In On Kirby

Several large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock worth $25,000 after acquiring an additional 168 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Kirby during the 4th quarter worth approximately $25,000. ORG Wealth Partners LLC bought a new position in shares of Kirby during the 3rd quarter worth approximately $30,000. Brooklyn Investment Group bought a new position in shares of Kirby during the 3rd quarter worth approximately $42,000. Finally, Capital Performance Advisors LLP purchased a new stake in Kirby during the 3rd quarter worth approximately $52,000. Institutional investors own 96.15% of the company’s stock.

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.