KEX has been the topic of several other research reports. Stephens raised Kirby from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $93.00 to $96.00 in a report on Monday, July 29th. TheStreet downgraded Kirby from a “b” rating to a “c+” rating in a report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $81.13.
Shares of NYSE KEX traded down $0.93 during mid-day trading on Tuesday, hitting $82.29. 19,343 shares of the stock traded hands, compared to its average volume of 470,364. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.00 and a quick ratio of 1.19. Kirby has a twelve month low of $60.63 and a twelve month high of $86.44. The company has a market cap of $4.83 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 2.49 and a beta of 1.03. The firm has a 50 day simple moving average of $74.67 and a two-hundred day simple moving average of $77.40.
Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, July 25th. The shipping company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.02). Kirby had a net margin of 3.70% and a return on equity of 5.47%. The firm had revenue of $771.00 million for the quarter, compared to analyst estimates of $767.04 million. During the same period last year, the business earned $0.78 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Kirby will post 2.97 earnings per share for the current fiscal year.
In other Kirby news, VP Amy D. Husted sold 6,174 shares of Kirby stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $78.25, for a total transaction of $483,115.50. Following the transaction, the vice president now directly owns 20,545 shares of the company’s stock, valued at approximately $1,607,646.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David W. Grzebinski sold 9,069 shares of Kirby stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $78.40, for a total value of $711,009.60. Following the transaction, the chief executive officer now directly owns 75,983 shares in the company, valued at $5,957,067.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,433 shares of company stock worth $1,369,330 over the last ninety days. Company insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC lifted its holdings in Kirby by 103.1% during the 2nd quarter. Advisory Services Network LLC now owns 325 shares of the shipping company’s stock worth $26,000 after buying an additional 165 shares during the period. Carroll Financial Associates Inc. lifted its stake in shares of Kirby by 27.2% in the 2nd quarter. Carroll Financial Associates Inc. now owns 626 shares of the shipping company’s stock valued at $49,000 after purchasing an additional 134 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kirby by 32.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 823 shares of the shipping company’s stock valued at $65,000 after purchasing an additional 201 shares during the period. Huntington National Bank lifted its stake in shares of Kirby by 10.1% in the 2nd quarter. Huntington National Bank now owns 1,663 shares of the shipping company’s stock valued at $131,000 after purchasing an additional 152 shares during the period. Finally, Callahan Advisors LLC acquired a new position in shares of Kirby in the 2nd quarter valued at about $201,000. 94.98% of the stock is currently owned by hedge funds and other institutional investors.
Kirby Company Profile
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation services and towing vessels transporting bulk liquid products, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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