King Luther Capital Management Corp Raises Position in Kirby Corporation $KEX

by · The Cerbat Gem

King Luther Capital Management Corp boosted its position in Kirby Corporation (NYSE:KEX – Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,617,100 shares of the shipping company’s stock after purchasing an additional 47,099 shares during the period. King Luther Capital Management Corp’s holdings in Kirby were worth $178,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Kirby by 2.4% in the third quarter. Vanguard Group Inc. now owns 5,667,853 shares of the shipping company’s stock worth $472,982,000 after buying an additional 134,261 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Kirby by 72.5% in the second quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock valued at $258,900,000 after buying an additional 959,209 shares during the period. Select Equity Group L.P. lifted its position in shares of Kirby by 10.8% during the 2nd quarter. Select Equity Group L.P. now owns 2,165,929 shares of the shipping company’s stock valued at $245,638,000 after buying an additional 211,231 shares during the last quarter. Millennium Management LLC lifted its position in shares of Kirby by 108.4% during the 3rd quarter. Millennium Management LLC now owns 839,662 shares of the shipping company’s stock valued at $70,070,000 after buying an additional 436,735 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its stake in shares of Kirby by 9.1% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 807,204 shares of the shipping company’s stock worth $67,361,000 after acquiring an additional 67,117 shares during the period. 96.15% of the stock is owned by institutional investors.

Kirby Price Performance

Shares of NYSE KEX opened at $144.23 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.59. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69. The stock has a market cap of $7.72 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.47 and a beta of 0.85. The stock has a fifty day moving average of $141.21 and a 200-day moving average of $126.71.

Kirby (NYSE:KEX – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $844.10 million for 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities research analysts anticipate that Kirby Corporation will post 6.99 earnings per share for the current year.

Insider Transactions at Kirby

In related news, VP Ronald A. Dragg sold 1,726 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $145.01, for a total transaction of $250,287.26. Following the sale, the vice president owned 8,673 shares of the company’s stock, valued at approximately $1,257,671.73. This represents a 16.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Amy D. Husted sold 4,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $145.43, for a total transaction of $581,720.00. Following the completion of the sale, the vice president owned 10,814 shares in the company, valued at $1,572,680.02. This represents a 27.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,978 shares of company stock valued at $4,470,858. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KEX shares. Zacks Research raised Kirby from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Wolfe Research reiterated an “outperform” rating and set a $136.00 target price on shares of Kirby in a research report on Friday, January 30th. BTIG Research lifted their target price on shares of Kirby from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Evercore reissued an “outperform” rating and issued a $158.00 price target on shares of Kirby in a research report on Friday, May 1st. Finally, Weiss Ratings cut shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.20.

Check Out Our Latest Stock Analysis on KEX

Kirby Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding KEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kirby Corporation (NYSE:KEX – Free Report).