Kirby Co. (NYSE:KEX) VP David R. Mosley sold 5,694 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $73.37, for a total transaction of $417,768.78. Following the sale, the vice president now owns 17,692 shares in the company, valued at $1,298,062.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Kirby Co. (NYSE KEX) traded down $1.45 during mid-day trading on Thursday, reaching $73.45. 322,044 shares of the company’s stock traded hands, compared to its average volume of 535,989. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.36. Kirby Co. has a 12-month low of $59.25 and a 12-month high of $80.90. The firm has a market cap of $4,453.40, a price-to-earnings ratio of 13.92, a P/E/G ratio of 2.14 and a beta of 1.03.
Kirby (NYSE:KEX) last issued its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Kirby had a net margin of 14.14% and a return on equity of 4.37%. The firm had revenue of $708.10 million for the quarter, compared to analyst estimates of $612.61 million. During the same period in the previous year, the business earned $0.60 EPS. The company’s revenue was up 62.5% compared to the same quarter last year. equities analysts expect that Kirby Co. will post 2.79 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of KEX. BlackRock Inc. increased its stake in shares of Kirby by 1.3% during the 4th quarter. BlackRock Inc. now owns 4,763,004 shares of the shipping company’s stock worth $318,169,000 after purchasing an additional 61,526 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in shares of Kirby by 10.9% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,680,707 shares of the shipping company’s stock worth $179,071,000 after purchasing an additional 262,965 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of Kirby by 40.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,491,202 shares of the shipping company’s stock worth $164,295,000 after purchasing an additional 713,836 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Kirby by 12.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,174,026 shares of the shipping company’s stock worth $143,380,000 after purchasing an additional 246,064 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of Kirby by 1.9% during the 4th quarter. King Luther Capital Management Corp now owns 1,724,182 shares of the shipping company’s stock worth $115,175,000 after purchasing an additional 32,855 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
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Kirby Company Profile
Kirby Corporation is a domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.
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