Kirby Corporation $KEX Shares Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its position in Kirby Corporation (NYSE:KEXFree Report) by 950.6% during the second quarter, Holdings Channel.com reports. The firm owned 76,792 shares of the shipping company’s stock after acquiring an additional 69,483 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Kirby were worth $10,441,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Kirby in the second quarter valued at $733,274,000. Goldman Sachs Group Inc. raised its position in shares of Kirby by 92.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock worth $287,803,000 after acquiring an additional 1,251,700 shares in the last quarter. First Trust Advisors LP lifted its stake in Kirby by 109.4% during the fourth 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 during the last quarter. Alliancebernstein L.P. boosted its holdings in Kirby by 72.5% in the second quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock valued at $258,900,000 after purchasing an additional 959,209 shares in the last quarter. Finally, Norges Bank purchased a new position in Kirby in the fourth quarter valued at approximately $81,355,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Kirby Stock Down 0.0%

KEX opened at $139.02 on Monday. The stock has a market capitalization of $7.34 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.25 and a beta of 0.84. Kirby Corporation has a 12 month low of $79.51 and a 12 month high of $157.69. The business has a 50 day simple moving average of $138.41 and a 200-day simple moving average of $138.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 1.12.

Kirby (NYSE:KEXGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The shipping company reported $1.67 earnings per share 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 10.44%. 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% on a year-over-year basis. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, equities analysts anticipate that Kirby Corporation will post 7.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. BTIG Research reissued a “buy” rating and issued a $170.00 price target on shares of Kirby in a research report on Wednesday, July 29th. Citigroup raised their price objective on Kirby from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Wall Street Zen downgraded Kirby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Bank of America raised their target price on shares of Kirby from $169.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. 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 MarketBeat.com, Kirby has a consensus rating of “Moderate Buy” and a consensus price target of $163.20.

Read Our Latest Stock Analysis on KEX

About Kirby

(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.

Featured Articles

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:KEXFree Report).

Institutional Ownership by Quarter for Kirby (NYSE:KEX)

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.