Kirby Stock (NYSE:KEX), Trade Ideas

Kirby

Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.

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On CNBC’s &#34;Mad Money Lightning Round,&#34; Jim Cramer said  Kirby Corporation  (NYSE: KEX) is a &#34;great idea, but you can buy that stock 

Jim Cramer Says This Stock Up 9% Over Past 6 Months Is &#39;Great Idea, But You Can Buy That Stock More Cheaply If You Just Wait&#39;

Kirby Corp

Kira Network

Approximately&nbsp;$190 million&nbsp;to&nbsp;$240 million&nbsp;is associated with marine maintenance capital and improvements to existing inland and coastal marine equipment, including the remaining ballast water treatment systems on some coastal vessels, and facility improvements. Approximately&nbsp;$90 million&nbsp;is associated with growth capital spending in both our businesses.

Guidance

Kirby Corporation Expects To Generate Net Cash Provided From Operating Activities Of $600M-$700M In 2024; Capital Spending Is Expected To Range Between $290M-$330M

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $0.98 by 21.43 percent. This is a 75 percent increase over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $808.02 million which beat the analyst consensus estimate of $784.57 million by 2.99 percent. This is a 7.67 percent increase over sales of $750.44 million the same period last year.

Earnings

Earnings Beats

Kirby Q1 EPS $1.19 Beats $0.98 Estimate, Sales $808.02M Beat $784.57M Estimate

WIIM

Kirby shares are trading higher after Wolfe Research initiated coverage on the stock with an Outperform rating and a price target of $126.

4 analysts have shared their evaluations of Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $116.0, a high estimate of $126.00, and a low estimate of $105.00. This upward trend is evident, with the current average reflecting a 16.0% increase from the previous average price target of $100.00.
<img src="https://www.benzinga.com/files/images/story/2024/1713787228_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of Kirby by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Group</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$126.00</td>
<td>-</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$118.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Greg Lewis</td>
<td>BTIG</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Jack Atkins</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$105.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Kirby. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Kirby compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Kirby's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Kirby's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/KEX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Kirby analyst ratings.</a>
<h2>Discovering Kirby: A Closer Look</h2>
Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts. The Company transports petrochemicals, black oil, refined petroleum products, and agricultural chemicals by tank barge. The Company conducts operations in two reportable business segments: The Marine transportation segment which provides marine transportation services, operating tank barges and towing vessels transporting bulk liquid products, and the Distribution and services segment, which provides after-market service, and genuine replacement parts for engines, transmissions, reduction gears, and power generation equipment used in oil and gas and commercial and industrial applications. The company's revenue is generated from the Marine Transportation segment.
<h3>Kirby's Economic Impact: An Analysis</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Kirby's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 9.45%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Industrials sector.
Net Margin: Kirby's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 7.74%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Kirby's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.95%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.09%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.37.
<h2>How Are Analyst Ratings Determined?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Kirby In The Eyes Of 4 Experts

Wolfe Research analyst Scott Group initiates coverage on Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Outperform rating and announces Price Target of $126.

Initiation

Wolfe Research Initiates Coverage On Kirby with Outperform Rating, Announces Price Target of $126

Stifel analyst Benjamin Nolan maintains Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Buy and raises the price target from $100 to $118.

Stifel Maintains Buy on Kirby, Raises Price Target to $118

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has risen 10.05% since its last report. The company recently reported that it has 1.13 million shares sold short, which is 2.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.25 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712325612_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 4.38%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Kirby?

BTIG analyst Greg Lewis maintains Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Buy and raises the price target from $100 to $115.

BTIG Maintains Buy on Kirby, Raises Price Target to $115

Kirby's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) short percent of float has fallen 10.36% since its last report. The company recently reported that it has 1.01 million shares sold short, which is 1.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.78 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kirby Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708634721_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kirby has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Kirby's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kirby's peer group average for short interest as a percentage of float is 3.98%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(KEX) - Analyzing Kirby's Short Interest

Stephens &amp; Co. analyst Jack Atkins reiterates Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Overweight and maintains $105 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Kirby, Maintains $105 Price Target

Today we announce the retirement of Joseph H. Pyne, Kirby&#39;s Chairman of the Board who will not stand for reelection upon the expiration of his current term, which expires at the conclusion of Kirby&#39;s 2024 Annual Stockholders meeting on April 26, 2024. Mr. Pyne has served as Chairman of Kirby since April 2010 and has been a board member for 35 years. Succeeding Mr. Pyne is Richard J. &quot;Dick&quot; Alario who has been elected as Chairman of the Board, effective April 26, 2024. Mr. Alario has been a board member since 2011 and brings a tremendous skill set to this role. He has been involved with the Company and its strategy since joining the board and most recently served as Kirby&#39;s Lead Independent director since 2021. Also, Rocky B. Dewbre, will not stand for election as a director at the conclusion of his term which expires on April 26, 2024. Mr. Dewbre was added to Kirby&#39;s board last year in conjunction with the Cooperation Agreement between Kirby and shareholder JCP Investment Management.

Management

Kirby Corp Elected Board Member Richard J. "Dick" Alario as the Chair Effective April 26 Succeeding Joseph H. Pyne Who Will Retire

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) reported quarterly earnings of $1.04 per share which beat the analyst consensus estimate of $1.03 by 0.97 percent. This is a 55.22 percent increase over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $799.18 million which beat the analyst consensus estimate of $778.24 million by 2.69 percent. This is a 9.45 percent increase over sales of $730.16 million the same period last year.

Kirby Q4 Adj EPS $1.04 Beats $1.03 Estimate, Sales $799.18M Beat $778.24M Estimate

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Earnings Scheduled For February 1, 2024

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement.
Analysts estimate that Kirby will report an earnings per share (EPS) of $1.03. 
Kirby bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 3.45% drop in the share price the next day.
Here's a look at Kirby's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.02</td>
<td>0.85</td>
<td>0.64</td>
<td>0.65</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.05</td>
<td>0.95</td>
<td>0.68</td>
<td>0.67</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-3.45%</td>
<td>0.81%</td>
<td>1.9%</td>
<td>1.91%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706727690_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Kirby were trading at $80.42 as of January 30. Over the last 52-week period, shares are up 9.77%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/KEX/earnings">To track all earnings releases for Kirby visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Kirby

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) reported quarterly Adj earnings of $1.05 per share which beat the analyst consensus estimate of $1.02 by 2.94 percent. This is a 61.54 percent increase over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $746.77 million which missed the analyst consensus estimate of $792.47 million by 5.77 percent. This is a 0.12 percent increase over sales of $745.84 million the same period last year.

Kirby Q3 Adj EPS $1.05 Beats $1.02 Estimate, Sales $746.77M Miss $792.47M Estimate

Stifel analyst Benjamin Nolan maintains Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) with a Buy and raises the price target from $90 to $100.

Stifel Maintains Buy on Kirby, Raises Price Target to $100

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.85 by 11.76 percent. This is a 93.88 percent increase over earnings of $0.49 per share from the same period last year. The company reported quarterly sales of $777.25 million which missed the analyst consensus estimate of $780.19 million by 0.38 percent. This is a 11.36 percent increase over sales of $697.96 million the same period last year.

Earnings Misses

Kirby Q2 EPS $0.95 Beats $0.85 Estimate, Sales $777.25M Miss $780.19M Estimate

The S&amp;P 500 closed lower on Wednesday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it indicates their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Zscaler </h3>
<ul>
<li>The Trade: Zscaler, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zs#NASDAQ">ZS</a>) Chief Legal Officer Robert Schlossman <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 2,496 shares </a> at an average price of $150.00. The insider received around $374.4 thousand from selling those shares.</li>
<li>What&rsquo;s Happening: Zscaler reported better-than-expected third-quarter financial results.</li>
<li>What Zscaler Does: Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers.</li>
<li>Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> </li>
</ul>
<h3>MGM Resorts International</h3>
<ul>
<li>The Trade: MGM Resorts International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>) CHIEF LEGAL ADMIN OFC AND SECY John McManus <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 10,000 shares </a> at an average price of $41.31. The insider received around $413.14 thousand from selling those shares.</li>
<li>What&rsquo;s Happening: MGM Resorts International reported first-quarter revenue of $3.87 billion, up 36% year-over-year.</li>
<li>What MGM Resorts Does: MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market.</li>
</ul>
<h3>NIKE </h3>
<ul>
<li>The Trade: NIKE, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) EVP, CFO Matthew Friend <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 9,210 shares </a> at an average price of $107.50. The insider received around $990.08 thousand from selling those shares.</li>
<li>What&rsquo;s Happening: EA Sports, a division of Electronic Arts, and Nike Virtual Studios have recently revealed a new partnership focused on integrating Nike&#39;s SWOOSH virtual creations (NFTs), into upcoming EA Sports games.</li>
<li>What NIKE Does: Nike is the largest athletic footwear and apparel brand in the world.</li>
</ul>
<h3>Kirby </h3>
<ul>
<li>The Trade: Kirby Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kex#NYSE">KEX</a>) VP General Counsel &amp; Secretary Amy Husted <a href="https://www.benzinga.com/sec/insider-trades/"> sold a total of 3,000 shares </a> at an average price of $74.47. The insider received around $223.41 thousand from selling those shares.</li>
<li>What&rsquo;s Happening: Kirby reported better-than-expected first-quarter EPS and sales results.</li>
<li>What Kirby Does: Kirby Corp is a domestic tank barge operator, transporting bulk liquid products throughout three United States coasts.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/06/32756788/top-5-risk-off-stocks-that-could-blast-off-in-q2"> Top 5 Risk Off Stocks That Could Blast Off In Q2 </a>
&nbsp;

Rocky Dewbre, Director at Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>), reported a large acquisition of company stock options on May 3, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000056047/000120919123027113//Archives/edgar/data/56047/000120919123027113/0001209191-23-027113-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that Dewbre, Director at Kirby, a company in the Industrials sector, was just awarded stock options worth 3,100 shares of KEX. The options give Dewbre the right to buy the company's stock at $72.65 per share.
Kirby shares are trading down 1.84% at $70.27 at the time of this writing on Thursday morning. Since the current price is $70.27, this makes Dewbre's 3,100 shares worth $217,837.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000056047">Check Out The Full List Of Kirby's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Kirby Director Awarded $217K Worth of Stock Options

Kirby (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEX#NYSE">KEX</a>) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.64 by 6.25 percent. This is a 134.48 percent increase over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $750.44 million which beat the analyst consensus estimate of $723.68 million by 3.70 percent. This is a 22.87 percent increase over sales of $610.78 million the same period last year.

Kirby Q1 Adjusted EPS $0.68 Beats $0.64 Estimate, Sales $750.44M Beat $723.68M Estimate

Kirby Corp (KEX) leads the Marine Shipping industry with an overall score of 74. KEX is up 30.18% so far this year after the company closed yesterday at $88.16.  The overall score measures the company's performance based-off both short and long term indicators and means that KEX scores better than 74% of the overall market

Is Kirby Corp (KEX) The Right Choice in Marine Shipping?

Kirby Corp (KEX) leads the Marine Shipping industry with an overall score of 75. KEX is up 30.23% so far this year after the company closed yesterday at $88.35.  The overall score measures the company's performance based-off both short and long term indicators and means that KEX scores better than 75% of the overall market

Is Kirby Corp (KEX) a Winner in the Marine Shipping Industry?

Kirby Corp (KEX) is the highest overall rated company in the Marine Shipping industry with an overall score of 79. KEX is up 31.25% so far this year after the company closed yesterday at $88.41.  The overall score measures the company's performance based-off both short and long term indicators and means that KEX scores bet

Is Kirby Corp (KEX) the Top Pick in the Marine Shipping Industry?

Kirby Corp (KEX) is the highest overall rated company in the Marine Shipping industry with an overall score of 76. KEX is up 31.70% so far this year after the company closed yesterday at $88.71.  The overall score measures the company's performance based-off both short and long term indicators and means that KEX scores bet

Where Does Kirby Corp (KEX) Stock Fall in the Marine Shipping Field?

Kirby Corp (KEX) is the highest overall rated company in the Marine Shipping industry with an overall score of 76. KEX is up 40.07% so far this year after the company closed yesterday at $95.11.  The overall score measures the company's performance based-off both short and long term indicators and means that KEX scores bet

BTIG analyst Gregory Lewis maintained a Buy rating on Kirby (KEX – Research Report) yesterday and set a price target of $115.00. The company's shar...

BTIG Keeps Their Buy Rating on Kirby (KEX)

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Transurban Group Ltd. (TRAUF – Research Report), GE Aerospa...

Analysts' Opinions Are Mixed on These Industrial Goods Stocks: Transurban Group Ltd. (OtherTRAUF), GE Aerospace (GE) and Kirby (KEX)

Notable earnings before Thursday's open

Kirby Q1 2024 Earnings Preview

Kirby GAAP EPS of $1.19 beats by $0.21, revenue of $808M beats by $19.44M

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Press Releases

Leading Tanker, LNG, LPG Companies Presenting at 15th Annual Capital Link/DNB New York Maritime Forum

Kirby Corporation Announces Date For 2023 Third Quarter Earnings Release And Earnings Webcast

Mogul Energy International ($MGUY) Plans for Uplisting amidst Significant Debt Reduction and Fleet Expansion warrants bullish sentiment

Kirby Corporation Announces 2023 Third Quarter Results

Kirby Corporation to Present at the Stephens NASH2023 Investment Conference

Kirby Corporation Announces Date for 2023 Fourth Quarter Earnings Release and Earnings Webcast

Kirby Corporation Announces 2023 Fourth Quarter and Full Year Results

Kirby Corporation to Present at the Stifel 2024 Transportation and Logistics Conference

Kirby Corporation Announces Date for 2024 First Quarter Earnings Release and Earnings Webcast

Kirby Corporation Announces 2024 First Quarter Results

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Costamare Inc. Common Stock $0.0001 par value

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Capital Product Partners L.P. - Common Units representing limited partner interests