Christian G. O’neil Sells 15,041 Shares of Kirby Co. (NYSE:KEX) Stock

Kirby Co. (NYSE:KEX) COO Christian G. O’neil sold 15,041 shares of the firm’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 transaction, the chief operating officer now directly owns 7,746 shares of the company’s stock, valued at $1,006,980. The trade was a 66.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Kirby Stock Performance

Kirby stock opened at $128.05 on Friday. The company’s 50-day moving average price is $122.17 and its 200-day moving average price is $119.61. The company has a quick ratio of 1.05, a current ratio of 1.67 and a debt-to-equity ratio of 0.29. The company has a market cap of $7.35 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17. Kirby Co. has a twelve month low of $72.11 and a twelve month high of $132.04.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The company had revenue of $831.10 million for the quarter, compared to analysts’ expectations of $824.42 million. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts forecast that Kirby Co. will post 5.44 EPS for the current fiscal year.

Analyst Ratings Changes

KEX has been the subject of a number of research analyst reports. Bank of America raised their price objective on Kirby from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com cut Kirby from a “buy” rating to a “hold” rating in a report on Sunday, September 22nd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kirby presently has a consensus rating of “Moderate Buy” and an average price target of $123.80.

Institutional Trading of Kirby

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its stake in Kirby by 420.0% during the third 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 period. International Assets Investment Management LLC purchased a new position in shares of Kirby during the 2nd quarter worth about $26,000. ORG Wealth Partners LLC bought a new position in Kirby during the 3rd quarter valued at about $30,000. ORG Partners LLC purchased a new stake in Kirby in the 2nd quarter worth about $32,000. Finally, Opal Wealth Advisors LLC bought a new stake in Kirby in the second quarter worth about $33,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.

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.