Kirby Co. (NYSE:KEX) insider Dorman Lynn Strahan sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $78.72, for a total transaction of $118,080.00. Following the completion of the sale, the insider now owns 20,421 shares of the company’s stock, valued at approximately $1,607,541.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Dorman Lynn Strahan also recently made the following trade(s):
- On Friday, May 3rd, Dorman Lynn Strahan sold 3,071 shares of Kirby stock. The stock was sold at an average price of $84.89, for a total transaction of $260,697.19.
Shares of KEX opened at $76.08 on Friday. The business’s fifty day simple moving average is $77.51. Kirby Co. has a 12 month low of $60.63 and a 12 month high of $88.78. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.48 and a beta of 1.01. The company has a current ratio of 1.92, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55.
Kirby (NYSE:KEX) last announced its quarterly earnings results on Thursday, July 25th. The shipping company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.02). Kirby had a return on equity of 5.50% and a net margin of 3.70%. The business had revenue of $771.00 million for the quarter, compared to analyst estimates of $767.04 million. During the same quarter last year, the company earned $0.78 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts anticipate that Kirby Co. will post 2.99 EPS for the current year.
KEX has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. TheStreet upgraded shares of Kirby from a “c+” rating to a “b” rating in a research report on Thursday, May 2nd. Wells Fargo & Co increased their target price on shares of Kirby from $74.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. They noted that the move was a valuation call. Stephens upgraded shares of Kirby from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $93.00 to $96.00 in a research report on Monday. Finally, Bank of America upgraded shares of Kirby from an “underperform” rating to a “buy” rating in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $81.13.
Institutional investors and hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. lifted its position in shares of Kirby by 0.3% in the first quarter. Baillie Gifford & Co. now owns 7,712,253 shares of the shipping company’s stock worth $579,267,000 after purchasing an additional 23,660 shares in the last quarter. BlackRock Inc. raised its holdings in Kirby by 0.4% in the 1st quarter. BlackRock Inc. now owns 5,128,522 shares of the shipping company’s stock worth $385,202,000 after purchasing an additional 19,878 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in Kirby by 5.8% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 2,522,073 shares of the shipping company’s stock worth $189,433,000 after purchasing an additional 138,081 shares during the period. King Luther Capital Management Corp raised its holdings in Kirby by 2.6% in the 1st quarter. King Luther Capital Management Corp now owns 2,025,992 shares of the shipping company’s stock worth $152,172,000 after purchasing an additional 51,030 shares during the period. Finally, Royce & Associates LP raised its holdings in Kirby by 0.9% in the 1st quarter. Royce & Associates LP now owns 1,356,680 shares of the shipping company’s stock worth $101,900,000 after purchasing an additional 12,650 shares during the period. Institutional investors own 95.31% of the company’s stock.
Kirby Corporation operates domestic tank barges in the United States. Its 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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