Christian G. O’neil Sells 15,041 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX) COO Christian G. O’neil sold 15,041 shares of Kirby stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $130.00, for a total value of $1,955,330.00. Following the sale, the chief operating officer now directly owns 7,746 shares of the company’s stock, valued at $1,006,980. This represents a 66.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Kirby Stock Up 1.1 %

Shares of NYSE KEX opened at $129.95 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.70. Kirby Co. has a 52 week low of $72.11 and a 52 week high of $132.04. The stock has a market capitalization of $7.52 billion, a P/E ratio of 24.83, a PEG ratio of 0.77 and a beta of 1.17. The stock’s fifty day moving average is $121.93 and its 200 day moving average is $119.53.

Kirby (NYSE:KEX) last issued its quarterly earnings results 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 return on equity of 9.49% and a net margin of 9.37%. The company had revenue of $831.10 million for the quarter, compared to analysts’ expectations of $824.42 million. During the same quarter last year, the business earned $1.05 earnings per share. Kirby’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts forecast that Kirby Co. will post 5.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. Bank of America lifted their target price on Kirby from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $123.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KEX. Select Equity Group L.P. bought a new position in Kirby in the second quarter valued at about $65,928,000. Lord Abbett & CO. LLC bought a new position in Kirby in the first quarter valued at about $22,877,000. Encompass Capital Advisors LLC grew its position in Kirby by 33.9% in the second quarter. Encompass Capital Advisors LLC now owns 887,384 shares of the shipping company’s stock valued at $106,246,000 after acquiring an additional 224,802 shares during the last quarter. Victory Capital Management Inc. grew its position in Kirby by 68.7% in the third quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock valued at $58,428,000 after acquiring an additional 194,410 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Kirby during the third quarter worth about $22,106,000. Institutional investors own 96.15% 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.