Kirby (NYSE:KEX) VP William Matthew Woodruff Sells 678 Shares

Kirby Corporation (NYSE:KEX) VP William Matthew Woodruff sold 678 shares of Kirby stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $147.37, for a total transaction of $99,916.86. Following the completion of the sale, the vice president directly owned 9 shares in the company, valued at approximately $1,326.33. The trade was a 98.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kirby Stock Up 0.6%

Shares of NYSE:KEX opened at $146.60 on Tuesday. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.50 and a beta of 0.85. The firm’s 50-day simple moving average is $138.89 and its 200-day simple moving average is $124.96. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69.

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

Analyst Ratings Changes

Several analysts have recently weighed in on KEX shares. Weiss Ratings downgraded shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Evercore restated an “outperform” rating and set a $158.00 target price on shares of Kirby in a research report on Friday, May 1st. Citigroup upped 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. Wolfe Research restated an “outperform” rating and set a $136.00 target price on shares of Kirby in a research report on Friday, January 30th. Finally, Zacks Research upgraded shares of Kirby from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maseco LLP acquired a new position in Kirby during the fourth quarter worth about $27,000. Rothschild Investment LLC grew its position in shares of Kirby by 2,600.0% in the fourth quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after purchasing an additional 260 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Kirby by 537.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock valued at $34,000 after purchasing an additional 258 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Kirby in the third quarter valued at approximately $30,000. Finally, Parallel Advisors LLC grew its position in shares of Kirby by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 134 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Kirby Company Profile

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.