Kirby Corporation $KEX Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of Kirby Corporation (NYSE:KEX) by 32.2% during the first quarter, HoldingsChannel reports. The firm owned 39,392 shares of the shipping company’s stock after purchasing an additional 9,588 shares during the quarter. Quantinno Capital Management LP’s holdings in Kirby were worth $5,234,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Oak Thistle LLC purchased a new stake in shares of Kirby during the fourth quarter worth about $1,422,000. King Luther Capital Management Corp grew its stake in Kirby by 3.0% during the 4th quarter. King Luther Capital Management Corp now owns 1,617,100 shares of the shipping company’s stock valued at $178,172,000 after purchasing an additional 47,099 shares in the last quarter. Mountaineer Partners Management LLC increased its holdings in Kirby by 33.6% during the 4th quarter. Mountaineer Partners Management LLC now owns 87,444 shares of the shipping company’s stock worth $9,635,000 after purchasing an additional 22,013 shares during the last quarter. Strs Ohio raised its position in shares of Kirby by 4,237.3% in the 1st quarter. Strs Ohio now owns 57,990 shares of the shipping company’s stock valued at $7,706,000 after purchasing an additional 56,653 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Kirby during the 4th quarter valued at approximately $81,355,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kirby

In other Kirby news, VP William Matthew Woodruff sold 678 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $147.37, for a total value of $99,916.86. Following the sale, the vice president owned 9 shares in the company, valued at approximately $1,326.33. This trade represents a 98.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amy D. Husted sold 4,000 shares of Kirby stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $145.43, for a total value of $581,720.00. Following the sale, the vice president directly owned 10,814 shares in the company, valued at approximately $1,572,680.02. This trade represents a 27.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,965 shares of company stock worth $2,328,749 in the last ninety days. 0.80% of the stock is owned by insiders.

Kirby Trading Up 1.3%

Shares of NYSE KEX opened at $132.80 on Friday. Kirby Corporation has a 12-month low of $79.51 and a 12-month high of $157.69. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.14 and a beta of 0.84. The company has a current ratio of 1.59, a quick ratio of 1.01 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $139.73 and its 200 day simple moving average is $136.52.

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. Kirby had a return on equity of 10.49% and a net margin of 10.18%.The firm had revenue of $922.40 million during the quarter, compared to the consensus estimate of $870.38 million. During the same period in the prior year, the business earned $1.67 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Equities research analysts expect that Kirby Corporation will post 7.28 EPS for the current year.

Analyst Upgrades and Downgrades

KEX has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. 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. Wall Street Zen raised shares of Kirby from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Evercore reissued an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research report on Friday, May 1st. Finally, BTIG Research restated a “buy” rating and issued a $170.00 target price on shares of Kirby in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Kirby presently has an average rating of “Moderate Buy” and a consensus price target of $163.20.

About Kirby

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.