State of Wyoming Buys Shares of 4,022 Kirby Corporation $KEX

State of Wyoming purchased a new position in shares of Kirby Corporation (NYSE:KEX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,022 shares of the shipping company’s stock, valued at approximately $547,000.

Several other hedge funds have also made changes to their positions in the stock. King Luther Capital Management Corp lifted its position in Kirby by 3.0% in the 4th quarter. King Luther Capital Management Corp now owns 1,617,100 shares of the shipping company’s stock valued at $178,172,000 after purchasing an additional 47,099 shares during 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 grew its holdings in Kirby by 4,237.3% during the first quarter. Strs Ohio now owns 57,990 shares of the shipping company’s stock worth $7,706,000 after acquiring an additional 56,653 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Kirby in the 2nd quarter worth approximately $9,182,000. Finally, Norges Bank acquired a new position in Kirby in the fourth quarter worth approximately $81,355,000. Institutional investors own 96.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KEX shares. Citigroup boosted their target price on Kirby from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings lowered shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. BTIG Research restated a “buy” rating and issued a $170.00 price target on shares of Kirby in a research report on Wednesday, July 29th. Finally, Evercore reissued an “outperform” rating and set a $158.00 target price on shares of Kirby in a research note on Friday, May 1st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $163.20.

Kirby Stock Up 1.7%

Shares of Kirby stock opened at $141.02 on Tuesday. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.24 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 52-week low of $79.51 and a 52-week high of $157.69. The stock has a 50-day simple moving average of $138.78 and a 200-day simple moving average of $136.87.

Kirby (NYSE:KEX) last released its quarterly earnings data on Wednesday, July 29th. The shipping company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.04. The firm had revenue of $922.40 million for 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%.The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, equities research analysts expect that Kirby Corporation will post 7.07 earnings per share for the current fiscal 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.