Walleye Capital LLC Sells 3,604 Shares of Kirby Corporation $KEX

Walleye Capital LLC trimmed its holdings in Kirby Corporation (NYSE:KEX) by 45.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,280 shares of the shipping company’s stock after selling 3,604 shares during the quarter. Walleye Capital LLC’s holdings in Kirby were worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in Kirby by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,617,538 shares of the shipping company’s stock worth $347,829,000 after purchasing an additional 133,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Kirby by 92.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock worth $287,803,000 after buying an additional 1,251,700 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Kirby by 72.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after buying an additional 959,209 shares in the last quarter. First Trust Advisors LP grew its position in shares of Kirby by 109.4% during the 4th quarter. First Trust Advisors LP now owns 2,256,667 shares of the shipping company’s stock worth $248,640,000 after buying an additional 1,178,963 shares during the period. Finally, Select Equity Group L.P. grew its position in shares of Kirby by 10.8% during the 2nd quarter. Select Equity Group L.P. now owns 2,165,929 shares of the shipping company’s stock worth $245,638,000 after buying an additional 211,231 shares during the period. Institutional investors own 96.15% of the company’s stock.

Kirby Trading Down 0.4%

NYSE KEX opened at $148.48 on Friday. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.31 and a beta of 0.83. Kirby Corporation has a 52 week low of $79.51 and a 52 week high of $157.69. The business has a 50 day moving average price of $141.52 and a 200-day moving average price of $135.73. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29.

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. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The company had revenue of $844.10 million for the quarter, compared to analyst estimates of $832.57 million. During the same period in the prior 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. As a group, equities analysts expect that Kirby Corporation will post 7.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KEX has been the topic of a number of research reports. Weiss Ratings upgraded shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Wall Street Zen upgraded shares of Kirby from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. BTIG Research reaffirmed a “buy” rating and issued a $170.00 price target on shares of Kirby in a research note on Tuesday, July 14th. Citigroup upped their price objective on shares of Kirby from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Evercore reissued an “outperform” rating and set a $158.00 price objective on shares of Kirby in a research report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.20.

Insider Buying and Selling at Kirby

In other Kirby news, VP Ronald A. Dragg sold 1,726 shares of the company’s stock in a transaction 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 represents a 16.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William Matthew Woodruff sold 678 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $147.37, for a total transaction of $99,916.86. Following the completion of the transaction, the vice president directly owned 9 shares in the company, valued at $1,326.33. This trade represents a 98.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,691 shares of company stock worth $2,579,036. Company insiders own 0.80% of the company’s stock.

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.