State of Wyoming Invests $458,000 in Kirby Corporation $KEX

State of Wyoming acquired a new position in shares of Kirby Corporation (NYSE:KEX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,446 shares of the shipping company’s stock, valued at approximately $458,000.

A number of other large investors have also recently modified their holdings of KEX. Fifth Third Wealth Advisors LLC grew its holdings in shares of Kirby by 4.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,917 shares of the shipping company’s stock worth $255,000 after purchasing an additional 77 shares during the last quarter. Procyon Advisors LLC raised its holdings in Kirby by 2.9% in the 1st quarter. Procyon Advisors LLC now owns 2,811 shares of the shipping company’s stock valued at $374,000 after buying an additional 78 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in 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 buying an additional 80 shares during the last quarter. Fifth Third Bancorp boosted its position in Kirby by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 739 shares of the shipping company’s stock worth $81,000 after buying an additional 114 shares during the period. Finally, M&T Bank Corp boosted its position in Kirby by 2.5% during the 4th quarter. M&T Bank Corp now owns 5,179 shares of the shipping company’s stock worth $571,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on KEX. Evercore restated an “outperform” rating and issued a $158.00 price target on shares of Kirby in a research report on Friday, May 1st. Bank of America lifted their price target on shares of Kirby from $169.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Wall Street Zen raised Kirby from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Finally, Citigroup upped their price target on Kirby from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.20.

Kirby Stock Down 0.4%

Kirby stock opened at $148.48 on Friday. The company has a market capitalization of $7.94 billion, a PE ratio of 22.84, a PEG ratio of 1.30 and a beta of 0.83. Kirby Corporation has a 12-month low of $79.51 and a 12-month high of $157.69. The firm’s fifty day moving average is $141.52 and its 200 day moving average is $135.73. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29.

Kirby (NYSE:KEX) last issued its earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The company had revenue of $844.10 million during the quarter, compared to the consensus estimate 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 business posted $1.33 EPS. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. As a group, sell-side analysts predict that Kirby Corporation will post 7.06 EPS for the current fiscal year.

Insider Transactions at Kirby

In other Kirby news, VP Amy D. Husted sold 4,000 shares of the business’s stock in a transaction on 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 sale, the vice president owned 10,814 shares in the company, valued at approximately $1,572,680.02. The trade was a 27.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Ronald A. Dragg sold 1,726 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $145.01, for a total transaction of $250,287.26. Following the transaction, the vice president owned 8,673 shares in the company, valued at approximately $1,257,671.73. The trade was a 16.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 17,691 shares of company stock worth $2,579,036. Insiders own 0.80% of the company’s stock.

Kirby Company Profile

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.