Kirby Corporation $KEX Shares Bought by Congress Asset Management Co.

by · The Cerbat Gem

Congress Asset Management Co. increased its stake in shares of Kirby Corporation (NYSE:KEX – Free Report) by 8.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 761,099 shares of the shipping company’s stock after acquiring an additional 57,371 shares during the period. Congress Asset Management Co. owned about 1.44% of Kirby worth $99,894,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Root Financial Partners LLC increased its position in shares of Kirby by 182.9% during the 1st quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock worth $57,000 after purchasing an additional 278 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Kirby by 488.9% during the second quarter. Parkside Financial Bank & Trust now owns 477 shares of the shipping company’s stock worth $65,000 after purchasing an additional 396 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Kirby by 18.2% in the first 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. Rockefeller Capital Management L.P. grew its stake in Kirby by 18.4% in the 4th 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 last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Kirby by 34.2% during the second quarter. GAMMA Investing LLC now owns 890 shares of the shipping company’s stock worth $121,000 after purchasing an additional 227 shares during the period. 96.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Kirby in a report on Wednesday, July 29th. Wall Street Zen downgraded shares of Kirby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Bank of America increased their price objective on shares of Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Citigroup boosted their target price on shares of Kirby from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, September 14th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.20.

Check Out Our Latest Stock Report on Kirby

Kirby Price Performance

NYSE KEX traded down $1.49 during trading on Tuesday, reaching $138.37. The company’s stock had a trading volume of 653,942 shares, compared to its average volume of 644,135. Kirby Corporation has a one year low of $79.51 and a one year high of $157.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 1.12. The stock has a market capitalization of $7.31 billion, a PE ratio of 21.29, a P/E/G ratio of 1.23 and a beta of 0.84. The firm has a fifty day moving average of $136.56 and a 200 day moving average of $139.71.

Kirby (NYSE:KEX – Get Free Report) last issued its earnings results on Wednesday, July 29th. The shipping company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.04. Kirby had a return on equity of 10.44% and a net margin of 10.18%.The business had revenue of $922.40 million during the quarter, compared to analyst estimates of $870.38 million. During the same quarter in the prior year, the firm earned $1.67 earnings per share. Kirby’s revenue for the quarter was up 7.8% on a year-over-year basis. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Analysts expect that Kirby Corporation will post 7.11 EPS for the current fiscal year.

About Kirby

(Free Report)

Kirby Corporation is a marine transportation and engine-services company headquartered in Houston, Texas. Founded in 1921, the company operates primarily in the United States and is one of the largest domestic operators of tank barges.

Through its marine transportation business, Kirby transports bulk liquid products on the nation’s inland waterway system and along the U.S. coast. Its cargoes include refined petroleum products, petrochemicals, black oil, agricultural chemicals and other specialty liquids.

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