Christian O’neil Sells 11,287 Shares of Kirby (NYSE:KEX) Stock

Kirby Corporation (NYSE:KEXGet Free Report) COO Christian O’neil sold 11,287 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $145.93, for a total value of $1,647,111.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kirby Stock Up 0.6%

Shares of Kirby stock traded up $0.90 during trading on Monday, reaching $146.60. The company’s stock had a trading volume of 493,235 shares, compared to its average volume of 755,525. The company has a 50-day simple moving average of $138.56 and a two-hundred day simple moving average of $124.55. Kirby Corporation has a 1-year low of $79.51 and a 1-year high of $157.69. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.50 and a beta of 0.85.

Kirby (NYSE:KEXGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The company had revenue of $844.10 million during the quarter, compared to analysts’ expectations of $832.57 million. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. As a group, equities analysts forecast that Kirby Corporation will post 6.99 earnings per share for the current year.

Institutional Trading of Kirby

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Kirby by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,667,853 shares of the shipping company’s stock valued at $472,982,000 after buying an additional 134,261 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kirby by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,538 shares of the shipping company’s stock worth $347,829,000 after purchasing an additional 133,030 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Kirby by 92.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock worth $287,803,000 after buying an additional 1,251,700 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Kirby by 72.5% during the second quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after buying an additional 959,209 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Kirby by 109.4% during the fourth quarter. First Trust Advisors LP now owns 2,256,667 shares of the shipping company’s stock worth $248,640,000 after buying an additional 1,178,963 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on KEX

Kirby Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Kirby (NYSE:KEX)

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