Quantinno Capital Management LP Grows Stock Position in Kirby Corporation $KEX

Quantinno Capital Management LP boosted its holdings in Kirby Corporation (NYSE:KEXFree Report) by 32.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,392 shares of the shipping company’s stock after acquiring an additional 9,588 shares during the period. Quantinno Capital Management LP owned 0.07% of Kirby worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Kirby by 92.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock valued at $287,803,000 after purchasing an additional 1,251,700 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Kirby by 109.4% during the 4th quarter. First Trust Advisors LP now owns 2,256,667 shares of the shipping company’s stock worth $248,640,000 after purchasing an additional 1,178,963 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Kirby by 72.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after purchasing an additional 959,209 shares during the last quarter. Norges Bank acquired a new position in shares of Kirby during the 4th quarter worth approximately $81,355,000. Finally, Appian Way Asset Management LP raised its position in shares of Kirby by 335.8% during the 3rd quarter. Appian Way Asset Management LP now owns 675,546 shares of the shipping company’s stock worth $56,374,000 after purchasing an additional 520,535 shares during the last quarter. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Kirby Stock Performance

NYSE KEX opened at $132.80 on Friday. The firm has a market capitalization of $7.10 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.14 and a beta of 0.84. Kirby Corporation has a 1-year low of $79.51 and a 1-year high of $157.69. 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 business’s 50-day simple moving average is $139.73 and its 200-day simple moving average is $136.52.

Kirby (NYSE:KEXGet Free Report) last posted its earnings results on Wednesday, July 29th. The shipping company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.04. Kirby had a net margin of 10.18% and a return on equity of 10.49%. The firm had revenue of $922.40 million during the quarter, compared to the consensus estimate of $870.38 million. During the same quarter in the prior year, the company earned $1.67 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Equities analysts predict that Kirby Corporation will post 7.28 EPS for the current year.

Insiders Place Their Bets

In other news, COO Christian G. O’neil sold 11,287 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amy D. Husted sold 4,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.43, for a total transaction of $581,720.00. Following the completion of the transaction, the vice president directly owned 10,814 shares in the company, valued at approximately $1,572,680.02. This represents a 27.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,965 shares of company stock worth $2,328,749 over the last ninety days. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on KEX. BTIG Research reiterated a “buy” rating and set a $170.00 target price on shares of Kirby in a report on Wednesday, July 29th. Citigroup boosted their price target on Kirby from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings lowered Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. 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, Bank of America upped their target price on shares of Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.20.

Check Out Our Latest Research Report on KEX

Kirby Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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