Hodges Capital Management Inc. lessened its holdings in shares of Kirby Corporation (NYSE:KEX – Free Report) by 31.7% during the first quarter, HoldingsChannel.com reports. The firm owned 71,704 shares of the shipping company’s stock after selling 33,217 shares during the quarter. Hodges Capital Management Inc.’s holdings in Kirby were worth $9,528,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the business. Maseco LLP acquired a new stake in shares of Kirby in the fourth quarter valued at approximately $27,000. Rothschild Investment LLC increased its stake in Kirby by 2,600.0% during the 4th quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock worth $30,000 after acquiring an additional 260 shares during the period. Smartleaf Asset Management LLC increased its stake in Kirby by 537.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock worth $34,000 after acquiring an additional 258 shares during the period. Parallel Advisors LLC raised its holdings in Kirby by 50.0% in the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 134 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in Kirby by 182.9% in the 1st quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock valued at $57,000 after acquiring an additional 278 shares in the last quarter. 96.15% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Kirby news, COO Christian G. O’neil sold 11,287 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was 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 SEC, which is available at the SEC website. Also, VP Ronald A. Dragg sold 1,726 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $145.01, for a total value of $250,287.26. Following the completion of the sale, the vice president owned 8,673 shares in the company, valued at $1,257,671.73. This trade represents a 16.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,691 shares of company stock valued at $2,579,036 over the last 90 days. 0.80% of the stock is owned by corporate insiders.
Kirby Trading Up 0.1%
Kirby (NYSE:KEX – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. Kirby had a net margin of 10.51% and a return on equity of 10.62%. The firm had revenue of $844.10 million during the quarter, compared to the consensus estimate of $832.57 million. During the same quarter last year, the firm earned $1.33 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. As a group, research analysts predict that Kirby Corporation will post 6.99 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on KEX shares. Wall Street Zen raised Kirby from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Citigroup increased their price objective on shares of Kirby from $147.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Weiss Ratings lowered shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Evercore restated an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of Kirby from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.20.
View Our Latest Stock Report on Kirby
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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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).
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