Monte J. Miller Sells 2,336 Shares of Kirby Co. (KEX) Stock

Kirby Co. (NYSE:KEX) Director Monte J. Miller sold 2,336 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $77.10, for a total value of $180,105.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Kirby Co. (KEX) traded down $1.60 on Thursday, hitting $74.85. The stock had a trading volume of 159,852 shares, compared to its average volume of 536,846. Kirby Co. has a 12 month low of $59.25 and a 12 month high of $80.90. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4,605.62, a PE ratio of 13.93, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. Kirby had a return on equity of 4.37% and a net margin of 14.14%. The company had revenue of $708.10 million during the quarter, compared to analysts’ expectations of $612.61 million. During the same period in the prior year, the business earned $0.60 earnings per share. Kirby’s revenue for the quarter was up 62.5% compared to the same quarter last year. equities research analysts anticipate that Kirby Co. will post 2.81 EPS for the current fiscal year.

KEX has been the subject of a number of recent analyst reports. Zacks Investment Research cut Kirby from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Gabelli initiated coverage on Kirby in a research report on Tuesday, January 16th. They set a “hold” rating and a $80.00 target price for the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $67.00 target price on shares of Kirby in a research report on Friday, November 3rd. Stephens set a $89.00 price objective on Kirby and gave the company a “hold” rating in a research report on Monday. Finally, Bank of America increased their price objective on Kirby from $66.00 to $69.00 and gave the company an “underperform” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Kirby has a consensus rating of “Hold” and a consensus price target of $79.40.

Institutional investors and hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Kirby by 79.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,931 shares of the shipping company’s stock valued at $127,000 after acquiring an additional 857 shares during the period. Verition Fund Management LLC bought a new position in Kirby in the second quarter worth $204,000. State of Alaska Department of Revenue bought a new position in Kirby in the fourth quarter worth $207,000. Trust Co bought a new position in Kirby in the third quarter worth $208,000. Finally, Boothbay Fund Management LLC bought a new position in Kirby in the third quarter worth $209,000. 96.21% of the stock is owned by institutional investors.

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Kirby Company Profile

Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

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