Burney Co. Makes New $772,000 Investment in Kirby Corporation $KEX

Burney Co. acquired a new stake in shares of Kirby Corporation (NYSE:KEX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,810 shares of the shipping company’s stock, valued at approximately $772,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Maseco LLP bought a new position in Kirby in the fourth quarter worth approximately $27,000. Rothschild Investment LLC increased its holdings in shares of Kirby by 2,600.0% during the fourth quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 260 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 258 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Kirby by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock worth $44,000 after purchasing an additional 134 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Kirby during the third quarter worth approximately $56,000. Institutional investors own 96.15% of the company’s stock.

Kirby Trading Up 0.6%

Shares of KEX opened at $142.36 on Friday. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69. The business has a 50-day moving average of $141.58 and a 200 day moving average of $133.24. The firm has a market cap of $7.62 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.83. 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 (NYSE:KEX) last issued its earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $844.10 million during the quarter, compared to analyst estimates of $832.57 million. Kirby had a net margin of 10.51% and a return on equity of 10.62%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.33 earnings per share. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. As a group, research analysts forecast that Kirby Corporation will post 7.06 EPS for the current year.

Analysts Set New Price Targets

KEX has been the subject of several research reports. Weiss Ratings downgraded shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Evercore restated an “outperform” rating and set a $158.00 price objective on shares of Kirby in a report on Friday, May 1st. Bank of America raised their price objective on shares of Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen raised shares of Kirby from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, BTIG Research lifted their price objective on shares of Kirby from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and two have given 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 price target of $161.20.

Insider Buying and Selling at Kirby

In other news, VP Amy D. Husted sold 4,000 shares of the firm’s stock in a transaction on 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 transaction, the vice president directly owned 10,814 shares of the company’s stock, valued at $1,572,680.02. This trade represents a 27.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Christian G. O’neil sold 11,287 shares of Kirby stock in a transaction on Friday, May 15th. The shares were sold at an average price of $145.93, for a total value of $1,647,111.91. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,691 shares of company stock valued at $2,579,036 over the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

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.