Kirby Co. (NYSE:KEX) Receives $123.80 Average PT from Analysts

Kirby Co. (NYSE:KEX) has been given an average rating of “Buy” by the five brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $123.80.

Separately, StockNews.com downgraded Kirby from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Insider Transactions at Kirby

In related news, VP Ronald A. Dragg sold 2,313 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $127.30, for a total transaction of $294,444.90. Following the transaction, the vice president now directly owns 7,683 shares in the company, valued at $978,045.90. This trade represents a 23.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christian G. O’neil sold 15,041 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $130.00, for a total transaction of $1,955,330.00. Following the sale, the chief operating officer now owns 7,746 shares of the company’s stock, valued at approximately $1,006,980. The trade was a 66.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,354 shares of company stock valued at $3,275,455. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Kirby

Several institutional investors have recently made changes to their positions in KEX. Farther Finance Advisors LLC grew its stake in Kirby by 420.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 208 shares of the shipping company’s stock worth $25,000 after buying an additional 168 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Kirby during the second quarter worth about $26,000. ORG Wealth Partners LLC acquired a new stake in shares of Kirby in the 3rd quarter worth about $30,000. Mark Sheptoff Financial Planning LLC bought a new stake in Kirby in the 2nd quarter valued at about $37,000. Finally, Brooklyn Investment Group acquired a new position in Kirby during the 3rd quarter valued at about $42,000. 96.15% of the stock is owned by institutional investors.

Kirby Price Performance

KEX stock opened at $104.22 on Friday. The stock has a 50-day simple moving average of $118.28 and a 200-day simple moving average of $119.43. The firm has a market cap of $5.98 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.69 and a beta of 1.21. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.05 and a current ratio of 1.67. Kirby has a 1 year low of $74.88 and a 1 year high of $132.21.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The company had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. Kirby had a net margin of 9.37% and a return on equity of 9.43%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. On average, equities analysts predict that Kirby will post 5.45 earnings per share for the current fiscal year.

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.