The President-Kirby Engine Systems of Kirby (KEX) is Buying Shares


Today, the President-Kirby Engine Systems of Kirby (NYSE: KEX), Dorman Lynn Strahan, bought shares of KEX for $206.9K.

Following Dorman Lynn Strahan’s last KEX Buy transaction on February 15, 2018, the stock climbed by 12.0%. This recent transaction increases Dorman Lynn Strahan’s holding in the company by 11.14% to a total of $2.48 million.

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Based on Kirby’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $803 million and quarterly net profit of $28.49 million. In comparison, last year the company earned revenue of $473 million and had a net profit of $25.58 million. KEX’s market cap is $5.22B and the company has a P/E ratio of 16.11. Currently, Kirby has an average volume of 190.6K.

14 different firms, including B.Riley FBR and Merrill Lynch, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $448K worth of KEX shares and purchased $206.9K worth of KEX shares. The insider sentiment on Kirby has been negative according to 73 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Dorman Lynn Strahan’s trades have generated a -19.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Kirby Corp. engages in the provision of diesel engines, reduction gears and ancillary products for marine and power generation applications. It operates through the Marine Transportation and Diesel Engine Services segments.

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