Royce & Associates LP trimmed its holdings in shares of Kirby Corporation (NYSE:KEX – Free Report) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 101,359 shares of the shipping company’s stock after selling 4,120 shares during the quarter. Royce & Associates LP’s holdings in Kirby were worth $11,168,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Maseco LLP purchased a new stake in shares of Kirby during the 4th quarter valued at about $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Kirby during the 3rd quarter valued at about $53,000. FNY Investment Advisers LLC purchased a new stake in shares of Kirby during the 3rd quarter valued at about $56,000. Huntington National Bank raised its position in shares of Kirby by 21.0% during the 3rd quarter. Huntington National Bank now owns 932 shares of the shipping company’s stock valued at $78,000 after buying an additional 162 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Kirby by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 739 shares of the shipping company’s stock valued at $81,000 after buying an additional 114 shares in the last quarter. 96.15% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Zacks Research raised shares of Kirby from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Evercore reissued an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research note on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Kirby currently has a consensus rating of “Moderate Buy” and an average price target of $146.20.
Insider Buying and Selling
In related news, COO Christian G. O’neil sold 11,287 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $145.93, for a total value of $1,647,111.91. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Raj Kumar sold 3,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $132.70, for a total transaction of $398,100.00. Following the completion of the transaction, the chief financial officer directly owned 4,494 shares in the company, valued at $596,353.80. This represents a 40.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,978 shares of company stock worth $4,470,858 over the last ninety days. 0.80% of the stock is owned by insiders.
Kirby Trading Down 0.7%
Shares of KEX opened at $143.39 on Thursday. Kirby Corporation has a twelve month low of $79.51 and a twelve month high of $157.69. The company has a market cap of $7.67 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.48 and a beta of 0.85. The company has a current ratio of 1.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $141.59 and its 200-day simple moving average is $126.97.
Kirby (NYSE:KEX – Get Free Report) last announced 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. As a group, analysts expect that Kirby Corporation will post 6.99 EPS for the current year.
Kirby 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.
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