Kirby Co. (NYSE:KEX) VP Kurt A. Niemietz Sells 1,500 Shares of Stock

Kirby Co. (NYSE:KEXGet Free Report) VP Kurt A. Niemietz sold 1,500 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $119.50, for a total value of $179,250.00. Following the completion of the sale, the vice president now directly owns 926 shares of the company’s stock, valued at $110,657. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Kirby Stock Performance

Shares of KEX opened at $119.59 on Tuesday. Kirby Co. has a 1 year low of $72.11 and a 1 year high of $124.92. The stock has a market capitalization of $7.00 billion, a P/E ratio of 28.27, a P/E/G ratio of 0.79 and a beta of 1.17. 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 company’s fifty day moving average is $110.42 and its two-hundred day moving average is $92.31.

Kirby (NYSE:KEXGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The shipping company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.22. Kirby had a net margin of 8.01% and a return on equity of 7.96%. The firm had revenue of $808.00 million during the quarter, compared to analysts’ expectations of $784.49 million. During the same period in the prior year, the company posted $0.68 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that Kirby Co. will post 5.29 earnings per share for the current year.

Institutional Trading of Kirby

A number of institutional investors have recently modified their holdings of KEX. Barclays PLC lifted its holdings in Kirby by 29.5% in the third quarter. Barclays PLC now owns 39,806 shares of the shipping company’s stock valued at $3,296,000 after acquiring an additional 9,057 shares during the period. Swiss National Bank increased its holdings in shares of Kirby by 0.9% in the 3rd quarter. Swiss National Bank now owns 32,957 shares of the shipping company’s stock valued at $2,729,000 after purchasing an additional 300 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Kirby by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 543,406 shares of the shipping company’s stock valued at $44,994,000 after purchasing an additional 22,725 shares during the period. Pathstone Family Office LLC purchased a new stake in Kirby during the third quarter worth about $258,000. Finally, HighTower Advisors LLC grew its position in Kirby by 6.8% during the third quarter. HighTower Advisors LLC now owns 20,956 shares of the shipping company’s stock worth $1,730,000 after buying an additional 1,341 shares during the period. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com raised Kirby from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. BTIG Research increased their price target on shares of Kirby from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Stifel Nicolaus lifted their price objective on shares of Kirby from $131.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Wolfe Research started coverage on shares of Kirby in a research note on Monday, April 22nd. They set an “outperform” rating and a $126.00 target price for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kirby currently has a consensus rating of “Buy” and an average target price of $119.50.

Check Out Our Latest Stock Report on Kirby

Kirby Company Profile

(Get Free Report)

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.

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