iSAM Funds UK Ltd Acquires New Shares in Kirby Corporation $KEX

iSAM Funds UK Ltd bought a new stake in shares of Kirby Corporation (NYSE:KEX) during the second quarter, Holdings Channel.com reports. The fund bought 3,900 shares of the shipping company’s stock, valued at approximately $530,000.

Several other institutional investors have also recently made changes to their positions in KEX. Fifth Third Wealth Advisors LLC grew its position in shares of Kirby by 4.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,917 shares of the shipping company’s stock valued at $255,000 after purchasing an additional 77 shares in the last quarter. Procyon Advisors LLC lifted its holdings in Kirby by 2.9% during the 1st quarter. Procyon Advisors LLC now owns 2,811 shares of the shipping company’s stock worth $374,000 after purchasing an additional 78 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Kirby by 18.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company’s stock worth $69,000 after purchasing an additional 80 shares during the period. Fifth Third Bancorp boosted its stake in Kirby by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 739 shares of the shipping company’s stock worth $81,000 after purchasing an additional 114 shares during the period. Finally, M&T Bank Corp grew its holdings in Kirby by 2.5% during the 4th quarter. M&T Bank Corp now owns 5,179 shares of the shipping company’s stock valued at $571,000 after buying an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Analyst Upgrades and Downgrades

KEX has been the topic of several analyst reports. Citigroup upped their price target on Kirby from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, July 31st. BTIG Research reaffirmed a “buy” rating and set a $170.00 price objective on shares of Kirby in a research note on Wednesday, July 29th. Wall Street Zen lowered shares of Kirby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Bank of America increased their target price on shares of Kirby from $169.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, Weiss Ratings downgraded shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.20.

Kirby Price Performance

Kirby stock opened at $141.69 on Thursday. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 1.26 and a beta of 0.86. 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 business has a 50-day simple moving average of $138.56 and a 200 day simple moving average of $138.42. Kirby Corporation has a 52 week low of $79.51 and a 52 week high of $157.69.

Kirby (NYSE:KEX) last released its quarterly earnings results on Wednesday, July 29th. The shipping company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.04. The firm had revenue of $922.40 million for the quarter, compared to analysts’ expectations of $870.38 million. Kirby had a return on equity of 10.44% and a net margin of 10.18%.The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, research analysts forecast that Kirby Corporation will post 7.11 earnings per share for the current fiscal year.

Kirby 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.