Intech Investment Management LLC Acquires 11,288 Shares of Kirby Corporation $KEX

Intech Investment Management LLC lifted its holdings in shares of Kirby Corporation (NYSE:KEX) by 71.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 27,050 shares of the shipping company’s stock after acquiring an additional 11,288 shares during the period. Intech Investment Management LLC’s holdings in Kirby were worth $2,980,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KEX. Alliancebernstein L.P. lifted its holdings in shares of Kirby by 72.5% during the 2nd 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 period. Congress Asset Management Co. bought a new position in shares of Kirby during the 4th quarter worth about $58,385,000. Appian Way Asset Management LP lifted its holdings in Kirby by 335.8% during 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 purchasing an additional 520,535 shares during the last quarter. Millennium Management LLC lifted its holdings in Kirby by 108.4% during the 3rd quarter. Millennium Management LLC now owns 839,662 shares of the shipping company’s stock valued at $70,070,000 after purchasing an additional 436,735 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Kirby by 438.7% during the 3rd quarter. American Century Companies Inc. now owns 271,499 shares of the shipping company’s stock valued at $22,657,000 after purchasing an additional 221,100 shares during the last quarter. 96.15% of the stock is owned by institutional investors.

Insider Activity at Kirby

In other Kirby news, COO Christian G. O’neil sold 11,287 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $145.93, for a total value of $1,647,111.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William Matthew Woodruff sold 678 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $147.37, for a total transaction of $99,916.86. Following the completion of the transaction, the vice president directly owned 9 shares of the company’s stock, valued at approximately $1,326.33. This represents a 98.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 17,691 shares of company stock valued at $2,579,036. Insiders own 0.80% of the company’s stock.

Kirby Trading Up 0.8%

Shares of NYSE KEX opened at $143.36 on Wednesday. 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 $7.67 billion, a PE ratio of 22.06, a P/E/G ratio of 1.46 and a beta of 0.82. The company has a current ratio of 1.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $142.37 and a two-hundred day moving average of $127.65.

Kirby (NYSE:KEX) last announced its earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $832.57 million. During the same period in the previous year, the firm posted $1.33 earnings per share. The company’s revenue 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, equities analysts expect that Kirby Corporation will post 6.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KEX shares. Weiss Ratings raised shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Evercore reissued an “outperform” rating and set a $158.00 price target on shares of Kirby in a report on Friday, May 1st. Zacks Research raised shares of Kirby from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Finally, Citigroup lifted their price target on shares of Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Kirby has a consensus rating of “Moderate Buy” and an average target price of $146.20.

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.