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

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 completion of the sale, the vice president now directly owns 5,545 shares in the company, valued at $596,697.45. This trade represents 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 the SEC website.

Kirby Trading Down 1.5 %

Kirby stock traded down $1.61 during midday trading on Thursday, hitting $107.09. 628,079 shares of the stock were exchanged, compared to its average volume of 749,663. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.55 and a beta of 1.19. The stock’s 50-day simple moving average is $110.68 and its 200 day simple moving average is $117.43. Kirby Co. has a fifty-two week low of $83.24 and a fifty-two week high of $132.21.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing the consensus estimate 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 analysts anticipate that Kirby Co. will post 6.54 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KEX. Farther Finance Advisors LLC boosted its stake in shares of Kirby by 420.0% in the third quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Empowered Funds LLC purchased a new position in shares of Kirby in the fourth quarter valued at approximately $25,000. ORG Wealth Partners LLC purchased a new position in shares of Kirby in the third quarter valued at approximately $30,000. Brooklyn Investment Group purchased a new position in shares of Kirby in the third quarter valued at approximately $42,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Kirby in the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on KEX shares. StockNews.com downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Stifel Nicolaus lowered their price target on shares of Kirby from $136.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

About Kirby

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.