Scott P. Miller Sells 1,244 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX) VP Scott P. Miller sold 1,244 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total transaction of $133,866.84. Following the transaction, the vice president now owns 5,545 shares of the company’s stock, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Kirby Trading Down 0.8 %

Shares of KEX stock opened at $106.32 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. The firm has a fifty day moving average of $110.30 and a 200-day moving average of $117.36. Kirby Co. has a 52-week low of $83.24 and a 52-week high of $132.21. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 0.55 and a beta of 1.19.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Thursday, January 30th. The shipping company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Kirby had a return on equity of 9.78% and a net margin of 8.78%. On average, equities research analysts forecast that Kirby Co. will post 6.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on KEX. StockNews.com lowered shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Stifel Nicolaus cut their price target on Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a report on Friday, January 31st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Institutional Trading of Kirby

Institutional investors have recently bought and sold shares of the stock. Artemis Investment Management LLP raised its stake in Kirby by 112.0% during the fourth quarter. Artemis Investment Management LLP now owns 382,835 shares of the shipping company’s stock worth $40,504,000 after acquiring an additional 202,272 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Kirby by 68.7% during the 3rd quarter. Victory Capital Management Inc. now owns 477,233 shares of the shipping company’s stock worth $58,428,000 after purchasing an additional 194,410 shares in the last quarter. Raymond James Financial Inc. bought a new position in Kirby during the 4th quarter valued at about $18,749,000. DAVENPORT & Co LLC bought a new position in Kirby during the 4th quarter valued at about $16,390,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Kirby by 27.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,052 shares of the shipping company’s stock worth $85,585,000 after buying an additional 152,146 shares during the last quarter. Institutional investors and hedge funds 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.