Kirby (NYSE:KEX - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.
Kirby Stock Down 2.6 %
Shares of Kirby stock opened at $110.78 on Wednesday. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 0.70 and a beta of 1.18. The company's 50 day moving average price is $123.08 and its 200-day moving average price is $120.71. Kirby has a 52-week low of $74.88 and a 52-week high of $132.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67.
Kirby (NYSE:KEX - Get Free Report) 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. The company had revenue of $831.10 million during the quarter, compared to the consensus estimate of $824.42 million. Kirby had a return on equity of 9.43% and a net margin of 9.37%. Kirby's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS. Equities research analysts forecast that Kirby will post 5.45 EPS for the current year.
Insider Activity
In related news, VP Amy D. Husted sold 2,853 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $126.54, for a total transaction of $361,018.62. Following the sale, the vice president now owns 5,280 shares of the company's stock, valued at $668,131.20. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Ronald A. Dragg sold 2,313 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $127.30, for a total value of $294,444.90. Following the sale, the vice president now directly owns 7,683 shares in the company, valued at $978,045.90. The trade was a 23.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,207 shares of company stock valued at $3,636,474 in the last quarter. 1.50% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Kirby
Several hedge funds and other institutional investors have recently made changes to their positions in KEX. Quest Partners LLC lifted its holdings in Kirby by 0.7% during the 3rd quarter. Quest Partners LLC now owns 12,462 shares of the shipping company's stock valued at $1,526,000 after buying an additional 89 shares in the last quarter. Americana Partners LLC raised its holdings in shares of Kirby by 2.1% in the third quarter. Americana Partners LLC now owns 4,900 shares of the shipping company's stock valued at $600,000 after acquiring an additional 100 shares in the last quarter. Huntington National Bank grew its holdings in Kirby by 8.5% during the 3rd quarter. Huntington National Bank now owns 1,668 shares of the shipping company's stock worth $204,000 after acquiring an additional 130 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Kirby by 3.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,372 shares of the shipping company's stock valued at $523,000 after purchasing an additional 133 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Kirby by 91.0% in the 2nd quarter. Blue Trust Inc. now owns 296 shares of the shipping company's stock valued at $35,000 after purchasing an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.
About Kirby
(
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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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