Richard Ross Stewart Sells 8,000 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX) Director Richard Ross Stewart sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total value of $1,025,680.00. Following the completion of the sale, the director now owns 15,488 shares in the company, valued at approximately $1,985,716.48. This represents a 34.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Kirby Trading Down 0.4 %

Kirby stock opened at $128.28 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Kirby Co. has a 12 month low of $72.11 and a 12 month high of $132.21. The stock’s 50 day simple moving average is $123.54 and its two-hundred day simple moving average is $120.27. The firm has a market cap of $7.36 billion, a PE ratio of 24.62, a P/E/G ratio of 0.76 and a beta of 1.17.

Kirby (NYSE:KEX) last released its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The business had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. During the same quarter in the prior year, the firm posted $1.05 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that Kirby Co. will post 5.45 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Kirby during the 2nd quarter valued at approximately $26,000. ORG Wealth Partners LLC purchased a new position in shares of Kirby during the 3rd quarter valued at approximately $30,000. ORG Partners LLC purchased a new position in shares of Kirby during the 2nd quarter valued at approximately $32,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Kirby during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.80.

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.