Kirby Co. (NYSE:KEX) VP Ronald A. Dragg Sells 2,313 Shares

Kirby Co. (NYSE:KEX) VP Ronald A. Dragg sold 2,313 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $127.30, for a total transaction of $294,444.90. Following the completion of the transaction, the vice president now directly owns 7,683 shares in the company, valued at $978,045.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Kirby Price Performance

KEX opened at $127.29 on Monday. The firm has a market cap of $7.37 billion, a P/E ratio of 24.43, a PEG ratio of 0.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.70. Kirby Co. has a fifty-two week low of $72.11 and a fifty-two week high of $130.90. The firm has a 50-day moving average of $121.16 and a 200 day moving average of $119.21.

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

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. Bank of America upped their price objective on shares of Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $123.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quest Partners LLC increased its holdings in Kirby by 0.7% in the 3rd quarter. Quest Partners LLC now owns 12,462 shares of the shipping company’s stock worth $1,526,000 after acquiring an additional 89 shares during the last quarter. Americana Partners LLC increased its stake in shares of Kirby by 2.1% in the third quarter. Americana Partners LLC now owns 4,900 shares of the shipping company’s stock worth $600,000 after purchasing an additional 100 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Kirby by 0.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 29,299 shares of the shipping company’s stock worth $2,792,000 after purchasing an additional 108 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Kirby by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 10,369 shares of the shipping company’s stock valued at $988,000 after purchasing an additional 122 shares during the period. Finally, Huntington National Bank lifted its stake in shares of Kirby by 8.5% during the 3rd quarter. Huntington National Bank now owns 1,668 shares of the shipping company’s stock valued at $204,000 after buying an additional 130 shares in the last quarter. Hedge funds and other institutional investors 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.