Sen. Angus S. King Jr. Buys Kirby Corporation (NYSE:KEX) Shares

Senator Angus S. King Jr. (I-Maine) recently bought shares of Kirby Corporation (NYSE:KEX). In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in Kirby stock on July 21st.

Senator Angus S. King Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Arista Networks (NYSE:ANET) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Uber Technologies (NYSE:UBER) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Netflix (NASDAQ:NFLX) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of PayPal (NASDAQ:PYPL) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 7/21/2025.

Kirby Stock Down 1.3%

KEX stock traded down $1.31 during mid-day trading on Monday, hitting $99.16. 25,913 shares of the company were exchanged, compared to its average volume of 617,379. The firm has a market cap of $5.53 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.01 and a beta of 1.01. Kirby Corporation has a 1-year low of $83.94 and a 1-year high of $132.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.12 and a current ratio of 1.74. The firm’s 50 day simple moving average is $109.82 and its 200 day simple moving average is $105.13.

Kirby (NYSE:KEX) last released its quarterly earnings results on Thursday, July 31st. The shipping company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.08. Kirby had a return on equity of 10.02% and a net margin of 9.25%.The firm had revenue of $855.46 million for the quarter, compared to the consensus estimate of $851.94 million. During the same quarter last year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts predict that Kirby Corporation will post 6.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Kirby

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ethic Inc. grew its holdings in Kirby by 3.1% during the second quarter. Ethic Inc. now owns 3,236 shares of the shipping company’s stock worth $372,000 after purchasing an additional 98 shares during the period. Brooklyn Investment Group boosted its holdings in shares of Kirby by 40.7% during the first quarter. Brooklyn Investment Group now owns 394 shares of the shipping company’s stock worth $40,000 after acquiring an additional 114 shares during the period. Bell Investment Advisors Inc boosted its holdings in shares of Kirby by 67.1% during the second quarter. Bell Investment Advisors Inc now owns 284 shares of the shipping company’s stock worth $32,000 after acquiring an additional 114 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Kirby by 0.3% during the first quarter. Brown Advisory Inc. now owns 36,597 shares of the shipping company’s stock worth $3,697,000 after acquiring an additional 117 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Kirby by 49.4% during the second quarter. Parallel Advisors LLC now owns 366 shares of the shipping company’s stock worth $42,000 after acquiring an additional 121 shares during the period. Institutional investors own 96.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Bank of America raised their price target on Kirby from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kirby presently has an average rating of “Buy” and a consensus price target of $130.00.

About Senator King

Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.

King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.