Kirby Corporation $KEX Stock Holdings Lessened by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC decreased its position in Kirby Corporation (NYSE:KEX) by 32.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 298,053 shares of the shipping company’s stock after selling 143,304 shares during the quarter. Kirby comprises about 5.4% of 12th Street Asset Management Company LLC’s holdings, making the stock its 8th largest position. 12th Street Asset Management Company LLC’s holdings in Kirby were worth $32,840,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KEX. Hantz Financial Services Inc. lifted its stake in shares of Kirby by 355.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,933 shares of the shipping company’s stock valued at $213,000 after buying an additional 1,509 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Kirby by 4.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 52,718 shares of the shipping company’s stock worth $5,808,000 after purchasing an additional 2,068 shares during the last quarter. Americana Partners LLC grew its position in shares of Kirby by 45.8% in the fourth quarter. Americana Partners LLC now owns 6,996 shares of the shipping company’s stock valued at $771,000 after purchasing an additional 2,196 shares during the period. Covestor Ltd increased its stake in Kirby by 558.9% in the fourth quarter. Covestor Ltd now owns 1,107 shares of the shipping company’s stock valued at $122,000 after purchasing an additional 939 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in Kirby during the fourth quarter worth about $239,000. 96.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Amy D. Husted sold 4,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $145.43, for a total value of $581,720.00. Following the completion of the sale, the vice president owned 10,814 shares in the company, valued at approximately $1,572,680.02. This trade represents a 27.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Raj Kumar sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $132.70, for a total value of $398,100.00. Following the transaction, the chief financial officer directly owned 4,494 shares in the company, valued at $596,353.80. This trade represents a 40.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,978 shares of company stock valued at $4,470,858 over the last ninety days. Insiders own 0.80% of the company’s stock.

Kirby Trading Up 0.1%

NYSE KEX opened at $143.44 on Tuesday. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.47 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.59. Kirby Corporation has a one year low of $79.51 and a one year high of $157.69. The company’s 50 day moving average price is $140.82 and its 200 day moving average price is $126.44.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, April 30th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.09. The company had revenue of $844.10 million during the quarter, compared to the consensus estimate of $832.57 million. Kirby had a net margin of 10.51% and a return on equity of 10.62%. During the same period in the previous year, the firm earned $1.33 earnings per share. Kirby’s revenue for the quarter was up 7.4% on a year-over-year basis. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. On average, sell-side analysts predict that Kirby Corporation will post 6.99 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KEX. Weiss Ratings lowered shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Zacks Research raised shares of Kirby from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Citigroup lifted their price target on shares of Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Evercore restated an “outperform” rating and set a $158.00 price objective on shares of Kirby in a report on Friday, May 1st. Finally, Wall Street Zen lowered Kirby from a “buy” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.20.

Kirby Company 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.