Dimensional Fund Advisors LP grew its holdings in shares of Kirby Corporation (NYSE:KEX – Free Report) by 5.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,617,538 shares of the shipping company’s stock after buying an additional 133,030 shares during the period. Dimensional Fund Advisors LP’s holdings in Kirby were worth $347,829,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in KEX. Maseco LLP bought a new position in shares of Kirby during the fourth quarter valued at approximately $27,000. Rothschild Investment LLC boosted its holdings in Kirby by 2,600.0% in the fourth 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 holdings in Kirby by 537.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock valued at $34,000 after acquiring an additional 258 shares in the last quarter. Parallel Advisors LLC increased its position in Kirby by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 134 shares during the period. Finally, Root Financial Partners LLC increased its position in Kirby by 182.9% during the 1st quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock valued at $57,000 after purchasing an additional 278 shares during the period. 96.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on KEX shares. Bank of America boosted their price target on shares of Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Citigroup raised their price objective on shares of Kirby from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Wall Street Zen raised Kirby from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Evercore reiterated an “outperform” rating and set a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Finally, Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.20.
Kirby Trading Up 2.8%
NYSE KEX opened at $148.61 on Wednesday. The stock’s fifty day moving average price is $141.38 and its 200-day moving average price is $135.10. Kirby Corporation has a 12 month low of $79.51 and a 12 month high of $157.69. The stock has a market cap of $7.95 billion, a P/E ratio of 22.86, a P/E/G ratio of 1.27 and a beta of 0.83. The company has a current ratio of 1.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29.
Kirby (NYSE:KEX – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $844.10 million during the quarter, compared to analysts’ expectations of $832.57 million. Kirby had a net margin of 10.51% and a return on equity of 10.62%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. As a group, equities analysts forecast that Kirby Corporation will post 7.06 EPS for the current fiscal year.
Insider Activity at Kirby
In other news, 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Ronald A. Dragg sold 1,726 shares of Kirby 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 approximately $1,257,671.73. This trade represents a 16.60% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 17,691 shares of company stock worth $2,579,036. Company insiders own 0.80% of the company’s stock.
About Kirby
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
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
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.
