Kirby (NYSE:KEX) VP Sells 678 Shares

by · The Cerbat Gem

Kirby Corporation (NYSE:KEX – Get Free Report) VP William Matthew Woodruff sold 678 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $147.37, for a total value of $99,916.86. Following the transaction, the vice president owned 9 shares in the company, valued at approximately $1,326.33. This represents a 98.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kirby Trading Up 0.6%

Shares of KEX stock traded up $0.90 during trading hours 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 current ratio of 1.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. Kirby Corporation has a one year low of $79.51 and a one year high of $157.69. The stock has a market capitalization of $7.84 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.50 and a beta of 0.85. The firm’s fifty day simple moving average is $138.56 and its 200 day simple moving average is $124.55.

Kirby (NYSE:KEX – Get Free Report) last announced its earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $844.10 million during the quarter, compared to the consensus estimate of $832.57 million. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities research analysts expect that Kirby Corporation will post 6.99 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Kirby by 2.4% during the third quarter. Vanguard Group Inc. now owns 5,667,853 shares of the shipping company’s stock worth $472,982,000 after acquiring an additional 134,261 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Kirby by 5.4% in 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 period. Goldman Sachs Group Inc. increased its stake 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 valued at $287,803,000 after purchasing an additional 1,251,700 shares in the last quarter. Alliancebernstein L.P. lifted 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 valued at $258,900,000 after purchasing an additional 959,209 shares during the last quarter. Finally, First Trust Advisors LP lifted 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 valued at $248,640,000 after purchasing an additional 1,178,963 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KEX has been the subject of several research analyst reports. Citigroup raised their target price on shares of Kirby from $147.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings cut shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wolfe Research reaffirmed an “outperform” rating and set a $136.00 price objective on shares of Kirby in a research report on Friday, January 30th. Evercore reiterated an “outperform” rating and set a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Finally, Zacks Research upgraded Kirby from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.20.

Get Our Latest Stock Report 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.

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