Monte J. Miller Sells 2,336 Shares of Kirby Co. (KEX) Stock
Kirby Co. (NYSE:KEX) Director Monte J. Miller sold 2,336 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $77.10, for a total value of $180,105.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Kirby Co. (NYSE:KEX) opened at $72.45 on Friday. The firm has a market capitalization of $4,351.91, a PE ratio of 35.56, a PEG ratio of 2.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.93 and a quick ratio of 1.23. Kirby Co. has a one year low of $59.25 and a one year high of $80.90.
Kirby (NYSE:KEX) last released its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. The firm had revenue of $708.10 million during the quarter, compared to analyst estimates of $612.61 million. Kirby had a return on equity of 4.37% and a net margin of 14.14%. The business’s quarterly revenue was up 62.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. research analysts forecast that Kirby Co. will post 2.8 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KEX. UBS Asset Management Americas Inc. boosted its stake in shares of Kirby by 8.1% in the second quarter. UBS Asset Management Americas Inc. now owns 33,162 shares of the shipping company’s stock worth $2,217,000 after acquiring an additional 2,472 shares during the period. Citigroup Inc. boosted its stake in shares of Kirby by 0.6% in the second quarter. Citigroup Inc. now owns 7,699 shares of the shipping company’s stock worth $515,000 after acquiring an additional 48 shares during the period. Northern Trust Corp boosted its stake in shares of Kirby by 4.8% in the second quarter. Northern Trust Corp now owns 500,297 shares of the shipping company’s stock worth $33,444,000 after acquiring an additional 22,956 shares during the period. Vanguard Group Inc. boosted its stake in shares of Kirby by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,356,474 shares of the shipping company’s stock worth $291,231,000 after acquiring an additional 197,084 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Kirby by 5.2% in the second quarter. California Public Employees Retirement System now owns 110,300 shares of the shipping company’s stock worth $7,374,000 after acquiring an additional 5,500 shares during the period. 96.21% of the stock is owned by hedge funds and other institutional investors.
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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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