Kirby Corp (KEX): Dorman Lynn Strahan , President – Marine Systems, In of Kirby Corp sold 2,883 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $64.20 per share for a total value of $185,088.59 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, David R Mosley (Vice President) sold 2,000 shares at $64.35 per share price.On May 4, 2016, Renato A Castro (Treasurer) sold 589 shares at $64.52 per share price.Also, On Mar 15, 2016, Amy D. Husted (Vice President – Legal) sold 1,000 shares at $59.65 per share price.On Mar 14, 2016, Joseph H. Reniers (Sr. VP – Diesel Engine Svc) sold 2,470 shares at $59.81 per share price.
Kirby Corporation: On Friday, May 6, 2016 heightened volatility was witnessed in Kirby Corporation which led to swings in the share price. The shares opened for trading at $62.07 and hit $64.25 on the upside , eventually ending the session at $63.99, with a gain of 2.37% or 1.48 points. The heightened volatility saw the trading volume jump to 5,78,632 shares. The 52-week high of the share price is $84.05 and the company has a market cap of $3,447 M . The 52-week low of the share price is at $44.63.
Company has been under the radar of several Street Analysts.Kirby Corporation is Upgraded by BB&T Capital Mkts to Buy and the brokerage firm has set the Price Target at $80. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 2, 2016.Kirby Corporation is Downgraded by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $60 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.
Kirby Corporation is the domestic tank barge operator transporting bulk liquid products. The Company through its subsidiaries operates in two segments: Marine Transportation and Diesel Engine Services. The Marine Transportation segment is a provider of marine transportation services operating tank barges and towing vessels transporting bulk liquid products. The Diesel Engine Services segment sells replacement parts provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines transmissions reduction gears pumps and compression products maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines transmissions and entire reduction gears and manufactures and remanufactures oilfield service equipment including pressure pumping units. Its customers include oil service companies offshore fishing companies nuclear power industry compression companies and construction companies among others.