Insider Selling: Kirby Co. (NYSE:KEX) Insider Sells 2,470 Shares of Stock

Kirby Co. (NYSE:KEX - Get Free Report) insider Dorman Lynn Strahan sold 2,470 shares of the company's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $115.72, for a total value of $285,828.40. Following the transaction, the insider now directly owns 18,584 shares of the company's stock, valued at $2,150,540.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorman Lynn Strahan also recently made the following trade(s):

• On Wednesday, March 27th, Dorman Lynn Strahan sold 3,423 shares of Kirby stock. The shares were sold at an average price of $95.11, for a total value of $325,561.53.

Kirby Trading Down 0.0 %

NYSE KEX traded down $0.03 on Tuesday, hitting $114.38. 366,056 shares of the stock were exchanged, compared to its average volume of 422,980. Kirby Co. has a 52-week low of $69.89 and a 52-week high of $116.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.81. The stock has a fifty day moving average price of $99.28 and a two-hundred day moving average price of $86.47. The firm has a market capitalization of $6.69 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.81 and a beta of 1.14.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The shipping company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.22. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The business had revenue of $808.00 million for the quarter, compared to analysts' expectations of $784.49 million. During the same quarter last year, the company earned $0.68 EPS. The business's revenue was up 7.7% on a year-over-year basis. Research analysts forecast that Kirby Co. will post 5.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KEX. Westwood Holdings Group Inc. acquired a new stake in shares of Kirby during the first quarter worth about $238,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Kirby by 0.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company's stock valued at $2,792,000 after purchasing an additional 108 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Kirby by 23.2% during the 1st quarter. Bessemer Group Inc. now owns 250,710 shares of the shipping company's stock valued at $23,897,000 after acquiring an additional 47,134 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in Kirby in the first quarter valued at $1,031,000. Finally, Chesapeake Capital Corp IL boosted its position in shares of Kirby by 4.4% in the 1st quarter. Chesapeake Capital Corp IL now owns 7,918 shares of the shipping company's stock worth $755,000 after buying an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. BTIG Research boosted their target price on shares of Kirby from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, April 3rd. Stephens reaffirmed an "overweight" rating and issued a $105.00 target price on shares of Kirby in a report on Monday, February 5th. Wolfe Research started coverage on Kirby in a research note on Monday, April 22nd. They issued an "outperform" rating and a $126.00 price objective on the stock. StockNews.com raised shares of Kirby from a "hold" rating to a "buy" rating in a report on Tuesday, April 16th. Finally, Stifel Nicolaus lifted their price target on shares of Kirby from $100.00 to $118.00 and gave the company a "buy" rating in a report on Friday, April 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Kirby currently has an average rating of "Buy" and an average price target of $116.00.

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.