Assenagon Asset Management S.A. Lowers Stock Position in Kirby Corporation $KEX

Posted by Brenda Bartman on Aug 9th, 2026

Assenagon Asset Management S.A. cut its holdings in shares of Kirby Corporation (NYSE:KEX – Free Report) by 4.0% during the second quarter, Holdings Channel.com reports. The firm owned 270,376 shares of the shipping company’s stock after selling 11,129 shares during the period. Assenagon Asset Management S.A.’s holdings in Kirby were worth $36,763,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KEX. King Luther Capital Management Corp lifted its holdings in Kirby by 3.0% during the fourth quarter. King Luther Capital Management Corp now owns 1,617,100 shares of the shipping company’s stock worth $178,172,000 after buying an additional 47,099 shares during the period. Mountaineer Partners Management LLC increased its holdings in shares of Kirby by 33.6% in the 4th quarter. Mountaineer Partners Management LLC now owns 87,444 shares of the shipping company’s stock valued at $9,635,000 after acquiring an additional 22,013 shares during the period. Strs Ohio increased its holdings in shares of Kirby by 4,237.3% in the 1st quarter. Strs Ohio now owns 57,990 shares of the shipping company’s stock valued at $7,706,000 after acquiring an additional 56,653 shares during the period. Norges Bank bought a new position in shares of Kirby in the 4th quarter worth $81,355,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Kirby in the 4th quarter worth $618,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KEX shares. Wall Street Zen cut Kirby from a “buy” rating to a “hold” rating in a research note on Saturday. BTIG Research reiterated a “buy” rating and issued a $170.00 target price on shares of Kirby in a research note on Wednesday, July 29th. Evercore reiterated an “outperform” rating and issued a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Weiss Ratings lowered shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Citigroup increased their price target on shares of Kirby from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.20.

Check Out Our Latest Report on Kirby

Kirby Price Performance

NYSE KEX opened at $131.34 on Friday. The firm’s fifty day simple moving average is $139.54 and its two-hundred day simple moving average is $136.48. The firm has a market capitalization of $7.03 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.15 and a beta of 0.84. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Kirby Corporation has a 12-month low of $79.51 and a 12-month high of $157.69.

Kirby (NYSE:KEX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The shipping company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.63 by $0.04. The firm had revenue of $922.40 million during the quarter, compared to analyst estimates of $870.38 million. Kirby had a return on equity of 10.44% and a net margin of 10.18%.The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Analysts forecast that Kirby Corporation will post 7.28 EPS for the current fiscal year.

Insider Activity at Kirby

In related news, VP William Matthew Woodruff sold 678 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $147.37, for a total transaction of $99,916.86. Following the transaction, the vice president directly owned 9 shares of the company’s stock, valued at $1,326.33. This represents a 98.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Christian G. O’neil sold 11,287 shares of the 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 SEC filing for this sale provides additional information. Insiders have sold 15,965 shares of company stock valued at $2,328,749 in the last ninety days. Corporate insiders own 0.80% of the company’s stock.

Kirby 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.