Kirby Corporation $KEX Stock Holdings Lessened by Skylands Capital LLC

Skylands Capital LLC trimmed its holdings in shares of Kirby Corporation (NYSE:KEX) by 11.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 30,885 shares of the shipping company’s stock after selling 4,125 shares during the period. Skylands Capital LLC’s holdings in Kirby were worth $4,054,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Kirby during the second quarter worth about $733,274,000. Dimensional Fund Advisors LP boosted its holdings in Kirby by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 2,617,538 shares of the shipping company’s stock valued at $347,829,000 after purchasing an additional 133,030 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of Kirby by 8.2% in the 3rd quarter. Congress Asset Management Co. now owns 761,099 shares of the shipping company’s stock valued at $99,894,000 after purchasing an additional 57,371 shares during the period. Jennison Associates LLC grew its stake in shares of Kirby by 3.3% in the 1st quarter. Jennison Associates LLC now owns 758,029 shares of the shipping company’s stock valued at $100,727,000 after purchasing an additional 24,147 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Kirby in the 2nd quarter valued at approximately $69,359,000. Institutional investors own 96.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $170.00 target price on shares of Kirby in a report on Wednesday, July 29th. Bank of America boosted their price target on Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Citigroup decreased their price target on Kirby from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. JPMorgan Chase & Co. started coverage on Kirby in a research report on Wednesday, October 14th. They issued an “overweight” rating and a $200.00 price target on the stock. Finally, Wall Street Zen lowered Kirby from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.17.

Kirby Stock Up 0.7%

Shares of NYSE KEX opened at $137.16 on Thursday. Kirby Corporation has a 12-month low of $85.10 and a 12-month high of $157.69. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $137.44 and its 200 day simple moving average is $140.03. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 1.22 and a beta of 0.84.

Kirby (NYSE:KEX) last issued its quarterly earnings results on Wednesday, July 29th. The shipping company reported $1.67 earnings per share (EPS) for the quarter, beating 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 business had revenue of $922.40 million for the quarter, compared to analyst estimates of $870.38 million. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, research analysts expect that Kirby Corporation will post 7.10 earnings per share for the current fiscal year.

Kirby Profile

Kirby Corporation is a Houston-based marine transportation and industrial services company. Through its marine transportation operations, the company is the largest tank barge operator in the United States, transporting bulk liquid products on the nation’s inland and coastal waterways.

Kirby’s marine transportation business carries petrochemicals, refined petroleum products, black oil, agricultural chemicals and other bulk liquids for industrial customers. Its operations primarily serve the U.S.