Louisiana State Employees Retirement System purchased a new stake in Kirby Corporation (NYSE:KEX – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,700 shares of the shipping company’s stock, valued at approximately $2,086,000.
A number of other institutional investors have also recently bought and sold shares of KEX. Maseco LLP purchased a new position in shares of Kirby in the fourth quarter worth approximately $27,000. Rothschild Investment LLC lifted its position in shares of Kirby by 2,600.0% in the 4th quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 260 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Kirby by 537.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock worth $34,000 after purchasing an additional 258 shares during the period. Parallel Advisors LLC boosted its stake in Kirby by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock worth $44,000 after purchasing an additional 134 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Kirby during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 96.15% of the company’s stock.
Insider Buying and Selling at Kirby
In other news, VP Ronald A. Dragg sold 1,726 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $145.01, for a total transaction of $250,287.26. Following the transaction, the vice president owned 8,673 shares in the company, valued at $1,257,671.73. This represents a 16.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Christian G. O’neil sold 11,287 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.93, for a total transaction of $1,647,111.91. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,691 shares of company stock valued at $2,579,036 over the last three months. 0.80% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Research Report on KEX
Kirby Stock Down 1.2%
KEX opened at $135.82 on Wednesday. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69. The business has a 50-day moving average of $143.55 and a 200-day moving average of $132.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.59 and a quick ratio of 1.01. The company has a market capitalization of $7.27 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.41 and a beta of 0.81.
Kirby (NYSE:KEX – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The business had revenue of $844.10 million during the quarter, compared to analysts’ expectations of $832.57 million. During the same quarter in the previous year, the business posted $1.33 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities research analysts forecast that Kirby Corporation will post 6.99 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Kirby
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Want to see what other hedge funds are holding KEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirby Corporation (NYSE:KEX – Free Report).
Receive News & Ratings for Kirby Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kirby and related companies with MarketBeat.com's FREE daily email newsletter.
