8,621 Shares in Kirby Corporation $KEX Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC purchased a new position in Kirby Corporation (NYSE:KEX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,621 shares of the shipping company’s stock, valued at approximately $1,172,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Kirby during the 2nd quarter valued at approximately $733,274,000. Dimensional Fund Advisors LP lifted its holdings in shares of Kirby by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,617,538 shares of the shipping company’s stock worth $347,829,000 after buying an additional 133,030 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kirby by 92.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock worth $287,803,000 after buying an additional 1,251,700 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Kirby by 72.5% during the second quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after acquiring an additional 959,209 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of 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 acquiring an additional 1,178,963 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors.

Kirby Trading Up 1.2%

KEX stock opened at $139.26 on Thursday. 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 Corporation has a twelve month low of $79.51 and a twelve month high of $157.69. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 1.24 and a beta of 0.84. The firm’s fifty day simple moving average is $138.44 and its two-hundred day simple moving average is $137.75.

Kirby (NYSE:KEX) last released 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. The firm had revenue of $922.40 million during the quarter, compared to analyst estimates of $870.38 million. Kirby had a net margin of 10.18% and a return on equity of 10.44%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. As a group, analysts anticipate that Kirby Corporation will post 7.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on KEX shares. Bank of America raised their target price on shares of Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Evercore restated an “outperform” rating and set a $158.00 price objective on shares of Kirby in a research report on Friday, May 1st. BTIG Research reaffirmed a “buy” rating and issued a $170.00 target price on shares of Kirby in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.20.

About Kirby

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.