Heartland Advisors Inc. acquired a new position in shares of Kirby Corporation (NYSE:KEX – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,474 shares of the shipping company’s stock, valued at approximately $5,639,000.
Several other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake 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 worth $30,000 after buying an additional 260 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Kirby by 537.5% during 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 during the last quarter. Parallel Advisors LLC increased its position in shares of Kirby by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 134 shares during the last quarter. Root Financial Partners LLC lifted its holdings in Kirby by 182.9% during the first quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock worth $57,000 after acquiring an additional 278 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in Kirby by 18.2% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company’s stock worth $69,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 96.15% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Bank of America increased 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. Evercore reiterated an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research note on Friday, May 1st. Citigroup increased their target price 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. Wall Street Zen lowered shares of Kirby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, BTIG Research restated a “buy” rating and set a $170.00 price target on shares of Kirby in a research note on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $163.20.
Kirby Trading Up 0.7%
Shares of KEX opened at $140.21 on Friday. The business’s 50-day moving average price is $138.60 and its 200-day moving average price is $137.24. Kirby Corporation has a twelve month low of $79.51 and a twelve month high of $157.69. The stock has a market cap of $7.40 billion, a PE ratio of 21.57, a P/E/G ratio of 1.26 and a beta of 0.84. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.30.
Kirby (NYSE:KEX – Get 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 the consensus estimate of $1.63 by $0.04. Kirby had a net margin of 10.18% and a return on equity of 10.44%. The business had revenue of $922.40 million for the quarter, compared to analysts’ expectations of $870.38 million. During the same period in the prior year, the company posted $1.67 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, equities analysts forecast that Kirby Corporation will post 7.07 EPS for the current fiscal year.
Kirby 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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