Insider Selling: Kirby Co. (NYSE:KEX) Director Sells 8,000 Shares of Stock

Kirby Co. (NYSE:KEX - Get Free Report) Director Richard Ross Stewart sold 8,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $128.21, for a total value of $1,025,680.00. Following the transaction, the director now directly owns 15,488 shares of the company's stock, valued at $1,985,716.48. The trade was a 34.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kirby Stock Down 0.4 %

Shares of Kirby stock traded down $0.51 during trading on Friday, reaching $128.30. The company had a trading volume of 596,358 shares, compared to its average volume of 512,979. 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 Co. has a fifty-two week low of $72.11 and a fifty-two week high of $132.21. The firm's fifty day moving average is $123.73 and its 200-day moving average is $120.38. The company has a market cap of $7.36 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17.

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 analysts' consensus estimates of $1.47 by $0.08. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The firm had revenue of $831.10 million during the quarter, compared to the consensus estimate of $824.42 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. On average, analysts anticipate that Kirby Co. will post 5.45 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in shares of Kirby by 420.0% during the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company's stock valued at $25,000 after acquiring an additional 168 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Kirby in the 2nd quarter worth $26,000. ORG Wealth Partners LLC bought a new stake in shares of Kirby in the 3rd quarter worth $30,000. ORG Partners LLC bought a new position in Kirby during the second quarter valued at about $32,000. Finally, Opal Wealth Advisors LLC acquired a new position in Kirby during the second quarter worth about $33,000. Institutional investors and hedge funds own 96.15% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a research note on Sunday, September 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate 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.