Walleye Capital LLC reduced its stake in Kirby Corporation (NYSE:KEX – Free Report) by 45.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,280 shares of the shipping company’s stock after selling 3,604 shares during the quarter. Walleye Capital LLC’s holdings in Kirby were worth $569,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of KEX. Maseco LLP purchased a new position in Kirby during the 4th quarter worth $27,000. Rothschild Investment LLC grew 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 acquiring an additional 260 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Kirby by 537.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock valued at $34,000 after purchasing an additional 258 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Kirby by 50.0% in the fourth quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 134 shares during the last quarter. Finally, Root Financial Partners LLC lifted its position in shares of Kirby by 182.9% during the first quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock valued at $57,000 after purchasing an additional 278 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors.
Insider Activity at Kirby
In other news, VP William Matthew Woodruff sold 678 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $147.37, for a total transaction of $99,916.86. Following the completion of the sale, the vice president owned 9 shares in the company, valued at $1,326.33. This trade represents a 98.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Amy D. Husted sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $145.43, for a total transaction of $581,720.00. Following the sale, the vice president owned 10,814 shares of the company’s stock, valued at approximately $1,572,680.02. The trade was a 27.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,691 shares of company stock valued at $2,579,036 in the last three months. Insiders own 0.80% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on KEX
Kirby Trading Down 0.4%
NYSE KEX opened at $148.48 on Friday. The business’s fifty day moving average is $141.52 and its 200-day moving average is $135.73. 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 stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.31 and a beta of 0.83. Kirby Corporation has a one year low of $79.51 and a one year high of $157.69.
Kirby (NYSE:KEX – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share 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 company had revenue of $844.10 million during the quarter, compared to analyst estimates of $832.57 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The firm’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. Equities research analysts predict that Kirby Corporation will post 7.06 EPS for the current year.
Kirby Company 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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