First Dallas Securities Inc. Sells 13,375 Shares of Kirby Corporation $KEX

First Dallas Securities Inc. reduced its holdings in shares of Kirby Corporation (NYSE:KEX) by 51.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,815 shares of the shipping company’s stock after selling 13,375 shares during the period. First Dallas Securities Inc.’s holdings in Kirby were worth $1,703,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of KEX. Maseco LLP purchased a new stake in Kirby in the fourth quarter worth about $27,000. Rothschild Investment LLC increased its stake 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 purchasing an additional 260 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 purchasing an additional 258 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Kirby by 50.0% during the fourth quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 134 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Kirby during the third quarter valued at approximately $56,000. Institutional investors own 96.15% of the company’s stock.

Kirby Price Performance

Shares of NYSE:KEX opened at $129.99 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.59. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83. The business has a 50-day simple moving average of $142.67 and a two-hundred day simple moving average of $132.31. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69.

Kirby (NYSE:KEX) last announced its quarterly earnings results on Thursday, April 30th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $844.10 million for 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%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 EPS. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. On average, analysts expect that Kirby Corporation will post 6.99 earnings per share for the current year.

Insider Activity at Kirby

In related news, VP Amy D. Husted sold 4,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $145.43, for a total transaction of $581,720.00. Following the transaction, the vice president owned 10,814 shares in the company, valued at $1,572,680.02. This represents a 27.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ronald A. Dragg sold 1,726 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $145.01, for a total transaction of $250,287.26. Following the transaction, the vice president owned 8,673 shares in the company, valued at approximately $1,257,671.73. This trade represents a 16.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,691 shares of company stock valued at $2,579,036 over the last ninety days. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

KEX has been the topic of a number of analyst reports. Evercore restated an “outperform” rating and issued a $158.00 price target on shares of Kirby in a research note on Friday, May 1st. Wall Street Zen raised Kirby from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. BTIG Research lifted their price objective on Kirby from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Citigroup boosted their target price on Kirby from $147.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Finally, Weiss Ratings cut Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.20.

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.