Kirby (NYSE:KEX) VP Amy Husted Sells 4,000 Shares

Kirby Corporation (NYSE:KEX) VP Amy Husted sold 4,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.43, for a total value of $581,720.00. Following the completion of the sale, the vice president owned 10,814 shares of the company’s stock, valued at approximately $1,572,680.02. The trade was a 27.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kirby Stock Performance

Shares of Kirby stock opened at $146.60 on Tuesday. Kirby Corporation has a 52 week low of $79.51 and a 52 week high of $157.69. The business’s fifty day simple moving average is $138.89 and its 200-day simple moving average is $124.96. The firm has a market cap of $7.84 billion, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.50 and a beta of 0.85. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The business had revenue of $844.10 million for the quarter, compared to analyst estimates of $832.57 million. During the same quarter in the prior year, the company posted $1.33 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities analysts forecast that Kirby Corporation will post 6.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KEX shares. BTIG Research increased their price target on Kirby from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Citigroup increased their price target on Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings lowered Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wolfe Research reaffirmed an “outperform” rating and issued a $136.00 price target on shares of Kirby in a research report on Friday, January 30th. Finally, Evercore reaffirmed an “outperform” rating and issued a $158.00 price target on shares of Kirby in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $146.20.

Institutional Trading of Kirby

A number of hedge funds have recently added to or reduced their stakes in KEX. Maseco LLP acquired a new stake in Kirby during the 4th quarter worth approximately $27,000. First Horizon Corp acquired a new stake in shares of Kirby in the 3rd quarter valued at approximately $30,000. Rothschild Investment LLC lifted its holdings in shares of Kirby by 2,600.0% in the 4th quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after buying an additional 260 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Kirby by 537.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock valued at $34,000 after buying an additional 258 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Kirby by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after buying an additional 134 shares during the period. 96.15% of the stock is owned by institutional investors and hedge funds.

Kirby Company Profile

Kirby Corporation is a leading domestic maritime transporter of bulk liquid products in the United States. Through its Marine Transportation segment, the company operates one of North America’s largest fleets of inland tank barges and towing vessels. Kirby’s fleet moves petrochemicals, black oil, refined petroleum products and agricultural chemicals along coastal and inland waterways, providing critical logistical support to energy, chemical and agricultural producers.

In addition to its marine operations, Kirby’s Distribution and Services segment offers diesel engine and power generation services, along with aftermarket parts sales.