Weekly Analysts’ Ratings Updates for Kirby (KEX)

Several analysts have recently updated their ratings and price targets for Kirby (NYSE: KEX):

• 4/22/2024 – Kirby is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $126.00 price target on the stock.
• 4/19/2024 – Kirby had its price target raised by analysts at Stifel Nicolaus from $100.00 to $118.00. They now have a “buy” rating on the stock.
• 4/16/2024 – Kirby was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/8/2024 – Kirby was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/3/2024 – Kirby had its price target raised by analysts at BTIG Research from $100.00 to $115.00. They now have a “buy” rating on the stock.
• 3/25/2024 – Kirby was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Kirby Price Performance

Shares of Kirby stock opened at $112.10 on Friday. Kirby Co. has a twelve month low of $66.42 and a twelve month high of $114.35. The stock has a market capitalization of $6.56 billion, a P/E ratio of 30.13, a PEG ratio of 1.70 and a beta of 1.21. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The business’s fifty day moving average price is $92.72 and its 200 day moving average price is $83.56.

Kirby (NYSE:KEX) last issued its earnings results on Thursday, April 25th. The shipping company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.22. Kirby had a return on equity of 7.12% and a net margin of 7.21%. The firm had revenue of $808.00 million for the quarter, compared to analysts’ expectations of $784.49 million. During the same quarter last year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts anticipate that Kirby Co. will post 4.96 earnings per share for the current year.

Insider Activity at Kirby

In other Kirby news, VP Scott P. Miller sold 1,828 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $79.60, for a total transaction of $145,508.80. Following the transaction, the vice president now owns 1,000 shares in the company, valued at $79,600. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Kirby news, VP Scott P. Miller sold 1,828 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $79.60, for a total transaction of $145,508.80. Following the transaction, the vice president now owns 1,000 shares in the company, valued at $79,600. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Ronald A. Dragg sold 1,413 shares of Kirby stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $84.68, for a total value of $119,652.84. Following the sale, the vice president now directly owns 10,651 shares in the company, valued at $901,926.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,418 shares of company stock worth $4,932,521. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Kirby

Several institutional investors have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Kirby during the fourth quarter worth approximately $53,000. Fifth Third Bancorp boosted its position in shares of Kirby by 28.1% during the first quarter. Fifth Third Bancorp now owns 551 shares of the shipping company’s stock worth $53,000 after buying an additional 121 shares during the period. Quest Partners LLC acquired a new stake in Kirby in the fourth quarter worth approximately $58,000. NBC Securities Inc. acquired a new stake in Kirby in the third quarter worth approximately $59,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Kirby in the fourth quarter worth approximately $165,000. 96.15% of the stock is owned by institutional investors.

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.