Callan Family Office LLC Acquires Shares of 7,826 Kirby Corporation $KEX

Callan Family Office LLC acquired a new stake in shares of Kirby Corporation (NYSE:KEX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,826 shares of the shipping company’s stock, valued at approximately $1,064,000.

Several other hedge funds also recently modified their holdings of the stock. Rothschild Investment LLC boosted its holdings in Kirby by 2,600.0% during the fourth quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock worth $30,000 after purchasing an additional 260 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Kirby by 537.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock valued at $34,000 after purchasing an additional 258 shares during the period. Parallel Advisors LLC grew its stake in shares of Kirby by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock worth $44,000 after acquiring an additional 134 shares during the period. Root Financial Partners LLC boosted its position in Kirby by 182.9% during the first quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock worth $57,000 after purchasing an additional 278 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings 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 buying an additional 80 shares during the period. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Kirby Price Performance

Shares of NYSE KEX opened at $138.75 on Tuesday. The firm has a market cap of $7.33 billion, a P/E ratio of 21.35, a PEG ratio of 1.26 and a beta of 0.84. 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 twelve month low of $79.51 and a twelve month high of $157.69. The company has a 50 day moving average of $138.55 and a 200 day moving average of $137.49.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on KEX shares. 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. Evercore reiterated an “outperform” rating and issued a $158.00 price objective on shares of Kirby in a report on Friday, May 1st. Weiss Ratings raised shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Bank of America raised their price target on Kirby from $169.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Citigroup raised their price target on shares of Kirby from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, July 31st. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.20.

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.