Amy D. Husted Sells 2,853 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX - Get Free Report) VP Amy D. Husted sold 2,853 shares of the business's stock in a transaction that occurred 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kirby Price Performance

Kirby stock traded down $2.49 during mid-day trading on Friday, hitting $124.53. The stock had a trading volume of 1,359,289 shares, compared to its average volume of 463,119. Kirby Co. has a one year low of $72.11 and a one year high of $130.90. The company has a current ratio of 1.70, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $7.29 billion, a P/E ratio of 29.44, a P/E/G ratio of 0.71 and a beta of 1.17. The firm's 50 day moving average is $118.51 and its 200 day moving average is $112.02.

Kirby (NYSE:KEX - Get Free Report) last released its earnings results on Thursday, August 1st. The shipping company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.11. Kirby had a return on equity of 8.70% and a net margin of 8.72%. The firm had revenue of $824.40 million during the quarter, compared to analysts' expectations of $821.65 million. During the same quarter last year, the business posted $0.95 earnings per share. The firm's revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts forecast that Kirby Co. will post 5.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kirby

Several hedge funds have recently modified their holdings of the stock. Schroder Investment Management Group lifted its position in shares of Kirby by 12.2% in the fourth quarter. Schroder Investment Management Group now owns 630,360 shares of the shipping company's stock worth $49,471,000 after buying an additional 68,420 shares in the last quarter. Scout Investments Inc. boosted its position in shares of Kirby by 66.5% during the 1st quarter. Scout Investments Inc. now owns 108,814 shares of the shipping company's stock valued at $10,299,000 after acquiring an additional 43,465 shares during the last quarter. Quadrature Capital Ltd grew its holdings in shares of Kirby by 166.6% in the fourth quarter. Quadrature Capital Ltd now owns 10,934 shares of the shipping company's stock valued at $859,000 after purchasing an additional 6,832 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Kirby by 21.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 896,257 shares of the shipping company's stock worth $85,432,000 after purchasing an additional 157,880 shares during the last quarter. Finally, Sei Investments Co. raised its stake in Kirby by 32.4% during the first quarter. Sei Investments Co. now owns 66,833 shares of the shipping company's stock valued at $6,371,000 after purchasing an additional 16,373 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company's stock.

Analyst Ratings Changes

KEX has been the topic of a number of recent research reports. StockNews.com raised Kirby from a "hold" rating to a "buy" rating in a report on Saturday, September 14th. Bank of America raised their price objective on Kirby from $138.00 to $141.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $123.80.

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.