Landscape Capital Management L.L.C. Trims Stock Position in Kirby Corporation $KEX

Landscape Capital Management L.L.C. cut its stake in shares of Kirby Corporation (NYSE:KEX) by 35.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,524 shares of the shipping company’s stock after selling 7,397 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Kirby were worth $1,490,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Maseco LLP bought a new position in shares of Kirby during the fourth quarter valued at approximately $27,000. Rothschild Investment LLC boosted its stake in shares of Kirby by 2,600.0% during the fourth quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after purchasing an additional 260 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Kirby by 537.5% during 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 in the last quarter. Parallel Advisors LLC boosted its stake in shares of Kirby by 50.0% during 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 in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Kirby during the third quarter valued at approximately $56,000. 96.15% of the stock is owned by hedge funds and other institutional investors.

Kirby Trading Down 1.3%

NYSE KEX opened at $141.54 on Tuesday. The company has a market capitalization of $7.57 billion, a PE ratio of 21.77, a P/E/G ratio of 1.47 and a beta of 0.82. The company has a fifty day moving average of $143.98 and a 200 day moving average of $130.05. Kirby Corporation has a 1 year low of $79.51 and a 1 year high of $157.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.59 and a quick ratio of 1.01.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, beating 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 analysts’ expectations of $832.57 million. During the same quarter in the previous year, the company 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. Research analysts forecast that Kirby Corporation will post 6.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KEX shares. Citigroup increased their price objective on shares of Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Zacks Research upgraded shares of Kirby from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of Kirby from a “hold” rating to a “buy” rating in a research note on Saturday. Evercore reiterated an “outperform” rating and set a $158.00 price objective on shares of Kirby in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $146.20.

Insider Activity

In other Kirby news, VP Amy D. Husted sold 4,000 shares of Kirby stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.43, for a total value of $581,720.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christian G. O’neil sold 11,287 shares of Kirby stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.93, for a total transaction of $1,647,111.91. The SEC filing for this sale provides additional information. Insiders sold a total of 17,691 shares of company stock worth $2,579,036 over the last three months. Corporate insiders own 0.80% of the company’s stock.

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.