iSAM Funds UK Ltd Invests $530,000 in Kirby Corporation $KEX

iSAM Funds UK Ltd bought a new position in Kirby Corporation (NYSE:KEX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,900 shares of the shipping company’s stock, valued at approximately $530,000.

Several other large investors have also added to or reduced their stakes in KEX. Nykredit A S bought a new stake in Kirby during the 2nd quarter worth approximately $127,000. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Kirby by 950.6% in the second quarter. Susquehanna Fundamental Investments LLC now owns 76,792 shares of the shipping company’s stock valued at $10,441,000 after purchasing an additional 69,483 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kirby by 1.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,351 shares of the shipping company’s stock valued at $7,662,000 after purchasing an additional 743 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Kirby by 136.7% during the second quarter. Hsbc Holdings PLC now owns 21,319 shares of the shipping company’s stock valued at $2,899,000 after buying an additional 12,311 shares during the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Kirby during the second quarter valued at approximately $275,000. Institutional investors own 96.15% of the company’s stock.

Kirby Stock Up 0.5%

Shares of NYSE KEX opened at $141.69 on Thursday. 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 $7.48 billion, a PE ratio of 21.80, a P/E/G ratio of 1.26 and a beta of 0.86. Kirby Corporation has a one year low of $79.51 and a one year high of $157.69. The business’s fifty day moving average price is $138.56 and its 200-day moving average price is $138.42.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Wednesday, July 29th. The shipping company reported $1.67 earnings per share 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 company had revenue of $922.40 million during the quarter, compared to analyst estimates of $870.38 million. During the same quarter last year, the firm posted $1.67 EPS. The firm’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. On average, equities research analysts anticipate that Kirby Corporation will post 7.11 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.