Krilogy Financial LLC Sells 4,879 Shares of Kirby Corporation $KEX

Krilogy Financial LLC cut its position in shares of Kirby Corporation (NYSE:KEX) by 52.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,388 shares of the shipping company’s stock after selling 4,879 shares during the period. Krilogy Financial LLC’s holdings in Kirby were worth $630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KEX. SG Americas Securities LLC grew its holdings in Kirby by 69.2% during the first quarter. SG Americas Securities LLC now owns 6,981 shares of the shipping company’s stock worth $928,000 after purchasing an additional 2,854 shares during the period. Rockefeller Capital Management L.P. raised its stake in Kirby by 18.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,079 shares of the shipping company’s stock valued at $119,000 after buying an additional 168 shares during the period. Corient Private Wealth LLC lifted its position in shares of Kirby by 2.3% in the fourth quarter. Corient Private Wealth LLC now owns 31,644 shares of the shipping company’s stock valued at $3,487,000 after buying an additional 721 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Kirby in the fourth quarter valued at approximately $220,000. Finally, State of Tennessee Department of Treasury boosted its stake in shares of Kirby by 62.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 25,638 shares of the shipping company’s stock worth $3,017,000 after acquiring an additional 9,868 shares during the period. 96.15% of the stock is owned by institutional investors.

Insider Transactions at Kirby

In related news, VP Ronald A. Dragg sold 1,726 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $145.01, for a total value of $250,287.26. Following the transaction, the vice president directly owned 8,673 shares in the company, valued at approximately $1,257,671.73. This represents a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Amy D. Husted sold 4,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $145.43, for a total transaction of $581,720.00. Following the completion of the transaction, the vice president owned 10,814 shares in the company, valued at $1,572,680.02. This trade represents a 27.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,691 shares of company stock worth $2,579,036 over the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on KEX shares. Evercore reissued an “outperform” rating and set a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Weiss Ratings raised shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. BTIG Research increased their price objective on shares of Kirby from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, 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 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 data from MarketBeat.com, Kirby has a consensus rating of “Moderate Buy” and an average price target of $146.20.

Kirby Price Performance

Kirby stock opened at $136.76 on Friday. Kirby Corporation has a 12 month low of $79.51 and a 12 month high of $157.69. The stock’s 50 day moving average is $143.81 and its 200-day moving average is $131.59. 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 market capitalization of $7.32 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.42 and a beta of 0.81.

Kirby (NYSE:KEX) last released its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $844.10 million during the quarter, compared to analysts’ expectations of $832.57 million. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.33 EPS. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities research analysts expect that Kirby Corporation will post 6.99 EPS for the current year.

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.