Kirby (NYSE:KEX) VP William Matthew Woodruff Sells 2,000 Shares of Stock

Kirby Corporation (NYSE:KEX) VP William Matthew Woodruff sold 2,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $121.88, for a total transaction of $243,760.00. Following the completion of the sale, the vice president owned 687 shares in the company, valued at $83,731.56. This represents a 74.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kirby Stock Up 1.5%

KEX opened at $122.03 on Thursday. The firm has a market capitalization of $6.61 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.88. Kirby Corporation has a one year low of $79.51 and a one year high of $132.18. The company has a fifty day moving average price of $118.32 and a 200-day moving average price of $103.88. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.70 and a quick ratio of 1.08.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, January 29th. The shipping company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.06. The company had revenue of $851.78 million for the quarter, compared to the consensus estimate of $857.82 million. Kirby had a return on equity of 10.55% and a net margin of 10.54%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. Equities research analysts expect that Kirby Corporation will post 6.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kirby

Hedge funds have recently made changes to their positions in the business. Ethic Inc. lifted its stake in Kirby by 3.1% in the second quarter. Ethic Inc. now owns 3,236 shares of the shipping company’s stock worth $372,000 after purchasing an additional 98 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Kirby by 67.1% in the 2nd quarter. Bell Investment Advisors Inc now owns 284 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 114 shares during the last quarter. State of Wyoming boosted its holdings in Kirby by 12.8% during the 3rd quarter. State of Wyoming now owns 1,003 shares of the shipping company’s stock valued at $84,000 after acquiring an additional 114 shares during the period. Fifth Third Bancorp grew its position in Kirby by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 739 shares of the shipping company’s stock worth $81,000 after acquiring an additional 114 shares during the last quarter. Finally, Xponance Inc. increased its stake in Kirby by 1.8% in the 3rd quarter. Xponance Inc. now owns 6,809 shares of the shipping company’s stock worth $568,000 after purchasing an additional 118 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KEX has been the subject of several recent analyst reports. Evercore boosted their price objective on Kirby from $109.00 to $122.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. BTIG Research cut their price target on shares of Kirby from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. Citigroup increased their price target on shares of Kirby from $145.00 to $147.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $136.00 price objective on shares of Kirby in a report on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Kirby has an average rating of “Moderate Buy” and an average target price of $129.40.

Kirby Company Profile

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America’s largest fleets of inland tank barges and towing vessels. Kirby’s fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby’s Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.