Kirby Co. (NYSE:KEX – Get Free Report) VP Amy D. Husted sold 6,456 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $83.85, for a total transaction of $541,335.60. Following the completion of the sale, the vice president now directly owns 8,072 shares of the company’s stock, valued at $676,837.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Kirby Price Performance
Shares of KEX opened at $84.20 on Friday. The company has a 50 day moving average price of $79.82 and a 200-day moving average price of $74.36. Kirby Co. has a fifty-two week low of $57.64 and a fifty-two week high of $85.05. The stock has a market capitalization of $4.97 billion, a PE ratio of 29.03, a PEG ratio of 1.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.01 and a current ratio of 1.78.
Kirby (NYSE:KEX – Get Free Report) last announced its quarterly earnings results on Thursday, July 27th. The shipping company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Kirby had a net margin of 5.81% and a return on equity of 5.82%. The firm had revenue of $777.20 million during the quarter, compared to analysts’ expectations of $781.18 million. During the same quarter in the prior year, the company earned $0.49 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Kirby Co. will post 3.71 earnings per share for the current fiscal year.
Analyst Ratings Changes
View Our Latest Stock Analysis on KEX
Institutional Investors Weigh In On Kirby
Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Kirby by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,616,009 shares of the shipping company’s stock worth $341,285,000 after purchasing an additional 54,667 shares during the period. BlackRock Inc. raised its stake in shares of Kirby by 0.3% during the 1st quarter. BlackRock Inc. now owns 5,313,776 shares of the shipping company’s stock worth $370,370,000 after acquiring an additional 14,447 shares in the last quarter. Morgan Stanley raised its stake in shares of Kirby by 923.2% during the 4th quarter. Morgan Stanley now owns 4,248,727 shares of the shipping company’s stock worth $273,406,000 after acquiring an additional 3,833,471 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kirby by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,483,702 shares of the shipping company’s stock worth $191,118,000 after acquiring an additional 68,693 shares in the last quarter. Finally, King Luther Capital Management Corp raised its stake in shares of Kirby by 3.8% during the 1st quarter. King Luther Capital Management Corp now owns 2,096,297 shares of the shipping company’s stock worth $146,112,000 after acquiring an additional 77,195 shares in the last quarter. Hedge funds and other institutional investors own 94.93% 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.
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