Kirby Corporation $KEX Stock Sold by Hourglass Capital LLC

Hourglass Capital LLC reduced its position in Kirby Corporation (NYSE:KEX) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,115 shares of the shipping company’s stock after selling 6,100 shares during the quarter. Kirby makes up 1.6% of Hourglass Capital LLC’s portfolio, making the stock its 23rd largest holding. Hourglass Capital LLC’s holdings in Kirby were worth $7,759,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of KEX. Pension & Wealth Management Advisors Inc. bought a new position in Kirby during the third quarter worth about $45,000. Root Financial Partners LLC boosted its holdings in Kirby by 182.9% during the first quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock valued at $57,000 after purchasing an additional 278 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Kirby by 488.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 477 shares of the shipping company’s stock valued at $65,000 after purchasing an additional 396 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Kirby by 18.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company’s stock valued at $69,000 after purchasing an additional 80 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Kirby by 34.2% in the 2nd quarter. GAMMA Investing LLC now owns 890 shares of the shipping company’s stock valued at $121,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 96.15% of the company’s stock.

Kirby Stock Performance

Kirby stock opened at $134.92 on Tuesday. The stock has a 50-day simple moving average of $137.09 and a 200 day simple moving average of $136.24. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.19 and a beta of 0.84. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.30. Kirby Corporation has a 12-month low of $87.62 and a 12-month high of $157.69.

Kirby (NYSE:KEX) last issued 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 analyst estimates of $870.38 million. Kirby had a net margin of 10.18% and a return on equity of 10.44%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, research analysts anticipate that Kirby Corporation will post 7.10 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KEX. Bank of America increased their target price on Kirby from $169.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. BTIG Research reaffirmed a “buy” rating and issued a $170.00 price target on shares of Kirby in a research note on Wednesday, July 29th. Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Wall Street Zen cut Kirby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. assumed coverage on Kirby in a research note on Wednesday, October 14th. They set an “overweight” rating and a $200.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Kirby currently has an average rating of “Moderate Buy” and an average price target of $169.17.

Kirby Profile

Kirby Corporation is a Houston-based marine transportation and industrial services company. Through its marine transportation operations, the company is the largest tank barge operator in the United States, transporting bulk liquid products on the nation’s inland and coastal waterways.

Kirby’s marine transportation business carries petrochemicals, refined petroleum products, black oil, agricultural chemicals and other bulk liquids for industrial customers. Its operations primarily serve the U.S.