35,851 Shares in Kirby Corporation $KEX Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Kirby Corporation (NYSE:KEX) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 35,851 shares of the shipping company’s stock, valued at approximately $4,875,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. King Luther Capital Management Corp raised its holdings in Kirby by 3.0% during the fourth quarter. King Luther Capital Management Corp now owns 1,617,100 shares of the shipping company’s stock worth $178,172,000 after purchasing an additional 47,099 shares in the last quarter. Mountaineer Partners Management LLC boosted its stake in Kirby by 33.6% during the 4th quarter. Mountaineer Partners Management LLC now owns 87,444 shares of the shipping company’s stock valued at $9,635,000 after purchasing an additional 22,013 shares in the last quarter. Strs Ohio raised its stake in shares of Kirby by 4,237.3% in the 1st quarter. Strs Ohio now owns 57,990 shares of the shipping company’s stock worth $7,706,000 after buying an additional 56,653 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Kirby in the 2nd quarter worth $9,182,000. Finally, Norges Bank acquired a new stake in shares of Kirby in the fourth quarter valued at $81,355,000. Institutional investors own 96.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup boosted their price target 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. BTIG Research reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Kirby in a research note on Wednesday, July 29th. Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Bank of America increased 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. Finally, Evercore restated an “outperform” rating and set a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.20.

Kirby Stock Up 0.7%

Shares of Kirby stock opened at $140.21 on Friday. Kirby Corporation has a 1 year low of $79.51 and a 1 year high of $157.69. The company has a market cap of $7.40 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.26 and a beta of 0.84. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $138.60 and a 200 day moving average price of $137.24.

Kirby (NYSE:KEX) last released its earnings results on Wednesday, July 29th. The shipping company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.04. The company had revenue of $922.40 million for the quarter, compared to analysts’ expectations of $870.38 million. Kirby had a return on equity of 10.44% and a net margin of 10.18%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. As a group, analysts expect that Kirby Corporation will post 7.07 EPS for the current fiscal 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.