Raj Kumar Sells 2,228 Shares of Kirby Co. (NYSE:KEX) Stock (2024)

Kirby Co. (NYSE:KEX - Get Free Report) CFO Raj Kumar sold 2,228 shares of the business's stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $92.00, for a total value of $204,976.00. Following the sale, the chief financial officer now owns 1,719 shares in the company, valued at approximately $158,148. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

• This Freight Stock Just Got an Upgrade and Institutional Buyers

Raj Kumar also recently made the following trade(s):

• On Tuesday, March 5th, Raj Kumar sold 1,670 shares of Kirby stock. The stock was sold at an average price of $90.00, for a total value of $150,300.00.
• On Friday, February 23rd, Raj Kumar sold 1,670 shares of Kirby stock. The shares were sold at an average price of $88.00, for a total value of $146,960.00.

Kirby Stock Down 0.5 %

KEX opened at $92.43 on Tuesday. Kirby Co. has a 1-year low of $66.42 and a 1-year high of $94.37. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 1.57 and a beta of 1.20. The business has a 50 day moving average of $85.00 and a 200-day moving average of $81.23.

Kirby (NYSE:KEX - Get Free Report) last issued its earnings results on Thursday, February 1st. The shipping company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. The firm had revenue of $799.18 million during the quarter, compared to analysts' expectations of $778.70 million. Kirby had a return on equity of 7.12% and a net margin of 7.21%. Kirby's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business earned $0.67 earnings per share. As a group, sell-side analysts anticipate that Kirby Co. will post 4.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its position in Kirby by 0.7% in the fourth quarter. Orion Portfolio Solutions LLC now owns 17,847 shares of the shipping company's stock worth $1,388,000 after purchasing an additional 124 shares during the period. Treasurer of the State of North Carolina raised its stake in Kirby by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 26,157 shares of the shipping company's stock worth $2,166,000 after acquiring an additional 130 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Kirby by 87.0% during the second quarter. 1832 Asset Management L.P. now owns 404 shares of the shipping company's stock worth $31,000 after acquiring an additional 188 shares in the last quarter. US Bancorp DE raised its stake in Kirby by 10.6% during the second quarter. US Bancorp DE now owns 2,218 shares of the shipping company's stock worth $171,000 after acquiring an additional 212 shares in the last quarter. Finally, Keene & Associates Inc. increased its stake in shares of Kirby by 5.9% in the third quarter. Keene & Associates Inc. now owns 5,238 shares of the shipping company's stock valued at $434,000 after buying an additional 290 shares in the last quarter. 96.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stephens reiterated an "overweight" rating and issued a $105.00 target price on shares of Kirby in a report on Monday, February 5th. StockNews.com upgraded Kirby from a "hold" rating to a "buy" rating in a report on Monday.

View Our Latest Stock Analysis on KEX

About Kirby

(Get Free Report)

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.

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