Kirby Co. (NYSE:KEX) VP Sells $48,592.86 in Stock

Kirby Co. (NYSE:KEX - Get Free Report) VP Scott P. Miller sold 487 shares of the firm's stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $99.78, for a total value of $48,592.86. Following the sale, the vice president now directly owns 1,000 shares in the company, valued at approximately $99,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kirby Stock Performance

Shares of NYSE:KEX traded down $0.20 during trading on Thursday, hitting $99.04. The stock had a trading volume of 319,913 shares, compared to its average volume of 392,080. Kirby Co. has a 12-month low of $66.42 and a 12-month high of $101.17. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $89.80 and a two-hundred day simple moving average of $82.40.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The shipping company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. Kirby had a return on equity of 7.12% and a net margin of 7.21%. The firm had revenue of $799.18 million during the quarter, compared to analysts' expectations of $778.70 million. During the same period last year, the business posted $0.67 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts expect that Kirby Co. will post 4.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KEX. StockNews.com downgraded Kirby from a "buy" rating to a "hold" rating in a report on Monday. Stephens reissued an "overweight" rating and issued a $105.00 price target on shares of Kirby in a report on Monday, February 5th. Finally, BTIG Research raised their price target on Kirby from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, April 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KEX. Coppell Advisory Solutions Corp. purchased a new position in shares of Kirby in the fourth quarter worth about $45,000. Point72 Hong Kong Ltd purchased a new position in Kirby during the first quarter valued at approximately $47,000. Turtle Creek Wealth Advisors LLC purchased a new position in Kirby during the fourth quarter valued at approximately $53,000. Quest Partners LLC purchased a new position in Kirby during the fourth quarter valued at approximately $58,000. Finally, NBC Securities Inc. purchased a new position in Kirby during the third quarter valued at approximately $59,000. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

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.