EFG International AG Takes Position in Kirby Corporation $KEX

EFG International AG bought a new position in shares of Kirby Corporation (NYSE:KEX) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 36,350 shares of the shipping company’s stock, valued at approximately $4,941,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Kirby in the 2nd quarter valued at $733,274,000. Dimensional Fund Advisors LP increased its position in Kirby by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,617,538 shares of the shipping company’s stock worth $347,829,000 after buying an additional 133,030 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Kirby by 92.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock worth $287,803,000 after buying an additional 1,251,700 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Kirby by 72.5% during the second quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after buying an additional 959,209 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Kirby by 109.4% in the fourth quarter. First Trust Advisors LP now owns 2,256,667 shares of the shipping company’s stock valued at $248,640,000 after acquiring an additional 1,178,963 shares during the period. 96.15% of the stock is owned by institutional investors and hedge funds.

Kirby Trading Down 0.6%

Shares of Kirby stock opened at $137.83 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.30. Kirby Corporation has a 12-month low of $79.51 and a 12-month high of $157.69. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.25 and a beta of 0.84. The firm’s 50-day moving average price is $138.47 and its two-hundred day moving average price is $137.61.

Kirby (NYSE:KEX) last issued its earnings results on Wednesday, July 29th. The shipping company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.63 by $0.04. The company had revenue of $922.40 million during the quarter, compared to analysts’ expectations of $870.38 million. Kirby had a net margin of 10.18% and a return on equity of 10.44%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, analysts forecast that Kirby Corporation will post 7.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of Kirby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Bank of America raised their target price on shares of Kirby from $169.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. BTIG Research reiterated a “buy” rating and issued a $170.00 price target on shares of Kirby in a research report on Wednesday, July 29th. Finally, Evercore reiterated an “outperform” rating and issued a $158.00 price target on shares of Kirby in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company 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.