5,606 Shares in Kirby Corporation $KEX Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new stake in Kirby Corporation (NYSE:KEX) in the fourth quarter, HoldingsChannel reports. The fund bought 5,606 shares of the shipping company’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming grew its stake in Kirby by 12.8% in the third quarter. State of Wyoming now owns 1,003 shares of the shipping company’s stock valued at $84,000 after acquiring an additional 114 shares during the period. Fifth Third Bancorp grew its stake in Kirby by 18.2% in the fourth quarter. Fifth Third Bancorp now owns 739 shares of the shipping company’s stock valued at $81,000 after acquiring an additional 114 shares during the period. Xponance Inc. grew its stake in Kirby by 1.8% in the third quarter. Xponance Inc. now owns 6,809 shares of the shipping company’s stock valued at $568,000 after acquiring an additional 118 shares during the period. Procyon Advisors LLC grew its stake in Kirby by 4.6% in the fourth quarter. Procyon Advisors LLC now owns 2,733 shares of the shipping company’s stock valued at $301,000 after acquiring an additional 121 shares during the period. Finally, M&T Bank Corp grew its stake in Kirby by 2.5% in the fourth quarter. M&T Bank Corp now owns 5,179 shares of the shipping company’s stock valued at $571,000 after acquiring an additional 125 shares during the period. 96.15% of the stock is owned by institutional investors and hedge funds.

Kirby Stock Performance

Shares of Kirby stock opened at $145.65 on Friday. The firm has a market cap of $7.79 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.53 and a beta of 0.85. The stock’s 50-day moving average is $138.56 and its 200-day moving average is $124.30. 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 0.29, a current ratio of 1.59 and a quick ratio of 0.96.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The company had revenue of $844.10 million for the quarter, compared to analyst estimates of $832.57 million. During the same period in the previous year, the company posted $1.33 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Equities analysts predict that Kirby Corporation will post 6.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BTIG Research boosted their target price on Kirby from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Citigroup boosted their price target on Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Zacks Research upgraded Kirby from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Evercore restated an “outperform” rating and issued a $158.00 price target on shares of Kirby in a report on Friday, May 1st. Finally, Wolfe Research restated an “outperform” rating and issued a $136.00 price target on shares of Kirby in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kirby has a consensus rating of “Moderate Buy” and an average target price of $146.20.

Insider Buying and Selling at Kirby

In related news, CEO David W. Grzebinski sold 34,152 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $130.05, for a total transaction of $4,441,467.60. Following the sale, the chief executive officer owned 98,241 shares in the company, valued at approximately $12,776,242.05. This represents a 25.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ronald A. Dragg sold 1,726 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $145.01, for a total value of $250,287.26. Following the sale, the vice president owned 8,673 shares in the company, valued at $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. Insiders have sold a total of 61,832 shares of company stock valued at $8,092,470 in the last ninety days. Insiders own 0.80% of the company’s stock.

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.