Shares of Kirby Corporation (NYSE:KEX – Get Free Report) traded up 7.5% during mid-day trading on Wednesday after Bank of America raised their price target on the stock from $169.00 to $182.00. Bank of America currently has a buy rating on the stock. Kirby traded as high as $147.23 and last traded at $143.9540. Approximately 117,619 shares were traded during mid-day trading, a decline of 83% from the average session volume of 709,016 shares. The stock had previously closed at $133.91.
A number of other equities analysts also recently weighed in on the stock. Wall Street Zen raised shares of Kirby from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Evercore restated an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research note on Friday, May 1st. BTIG Research lifted their price target on Kirby from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citigroup boosted their price target on Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Weiss Ratings downgraded Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Kirby presently has an average rating of “Moderate Buy” and an average price target of $161.20.
Check Out Our Latest Stock Report on KEX
Insider Activity
Institutional Trading of Kirby
Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in Kirby by 30.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 491,355 shares of the shipping company’s stock valued at $49,632,000 after buying an additional 114,618 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kirby by 152.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 182,565 shares of the shipping company’s stock worth $18,441,000 after buying an additional 110,320 shares during the period. Cerity Partners LLC lifted its holdings in shares of Kirby by 68.6% during the second quarter. Cerity Partners LLC now owns 20,096 shares of the shipping company’s stock worth $2,279,000 after buying an additional 8,174 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Kirby by 3.5% during the second quarter. California Public Employees Retirement System now owns 96,565 shares of the shipping company’s stock worth $10,951,000 after buying an additional 3,292 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Kirby by 52,000.0% in the second quarter. NewEdge Advisors LLC now owns 2,084 shares of the shipping company’s stock valued at $236,000 after acquiring an additional 2,080 shares during the period. Institutional investors own 96.15% of the company’s stock.
Kirby Stock Up 6.8%
The firm has a 50-day moving average price of $141.98 and a two-hundred day moving average price of $132.81. The company has a market capitalization of $7.65 billion, a P/E ratio of 22.06, a PEG ratio of 1.36 and a beta of 0.83. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29.
Kirby (NYSE:KEX – Get Free Report) last announced its earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $844.10 million for the quarter, compared to analyst estimates of $832.57 million. Kirby had a net margin of 10.51% and a return on equity of 10.62%. Kirby’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities research analysts anticipate 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.
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