Kirby Co. (NYSE:KEX) COO Christian G. O’neil Sells 15,041 Shares

Kirby Co. (NYSE:KEX) COO Christian G. O’neil sold 15,041 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the sale, the chief operating officer now owns 7,746 shares in the company, valued at $1,006,980. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kirby Trading Down 0.4 %

NYSE KEX traded down $0.51 during trading hours on Wednesday, reaching $129.67. The company’s stock had a trading volume of 74,633 shares, compared to its average volume of 456,822. The firm has a fifty day simple moving average of $121.37 and a 200-day simple moving average of $119.34. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.70 and a quick ratio of 1.05. Kirby Co. has a 52 week low of $72.11 and a 52 week high of $132.04. The stock has a market cap of $7.51 billion, a P/E ratio of 24.88, a P/E/G ratio of 0.77 and a beta of 1.17.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. Bank of America raised their price objective on Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.

Institutional Trading of Kirby

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEX. Select Equity Group L.P. acquired a new stake in shares of Kirby during the 2nd quarter worth approximately $65,928,000. Lord Abbett & CO. LLC acquired a new stake in Kirby in the first quarter worth $22,877,000. Encompass Capital Advisors LLC increased its stake in 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 purchasing an additional 224,802 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Kirby by 68.7% during the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock valued at $58,428,000 after purchasing an additional 194,410 shares during the period. Finally, Artemis Investment Management LLP bought a new position in shares of Kirby during the 3rd quarter worth about $22,106,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Kirby Company Profile

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.