Deutsche Bank AG Invests $44.98 Million in Kirby Corporation $KEX

Deutsche Bank AG bought a new stake in shares of Kirby Corporation (NYSE:KEX) during the second quarter, Holdings Channel reports. The institutional investor bought 330,837 shares of the shipping company’s stock, valued at approximately $44,984,000.

A number of other large investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Kirby by 92.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock valued at $287,803,000 after purchasing an additional 1,251,700 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Kirby by 109.4% during the 4th 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 in the last quarter. Alliancebernstein L.P. grew its stake in shares of Kirby by 72.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock valued at $258,900,000 after buying an additional 959,209 shares during the period. Norges Bank bought a new stake in Kirby in the 4th quarter valued at about $81,355,000. Finally, Appian Way Asset Management LP increased its position in Kirby by 335.8% in the 3rd quarter. Appian Way Asset Management LP now owns 675,546 shares of the shipping company’s stock valued at $56,374,000 after buying an additional 520,535 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KEX. Weiss Ratings upgraded Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Citigroup lifted their target price on shares of Kirby from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Evercore restated an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research note 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, Wall Street Zen downgraded Kirby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Kirby has an average rating of “Moderate Buy” and a consensus price target of $163.20.

Kirby Stock Up 0.7%

Shares of NYSE:KEX opened at $140.21 on Friday. The firm has a fifty day moving average price of $138.60 and a two-hundred day moving average price of $137.24. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 1.25 and a beta of 0.84. 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 Corporation has a one year low of $79.51 and a one year high of $157.69.

Kirby (NYSE:KEX) last released its 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. The company had revenue of $922.40 million during the quarter, compared to the consensus estimate of $870.38 million. Kirby had a return on equity of 10.44% and a net margin of 10.18%.Kirby’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Analysts anticipate 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.