State of Wyoming Buys Shares of 4,022 Kirby Corporation $KEX

State of Wyoming purchased a new position in Kirby Corporation (NYSE:KEX) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,022 shares of the shipping company’s stock, valued at approximately $547,000.

Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased 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 valued at $287,803,000 after acquiring an additional 1,251,700 shares during the last quarter. First Trust Advisors LP lifted its holdings in Kirby by 109.4% in the 4th quarter. First Trust Advisors LP now owns 2,256,667 shares of the shipping company’s stock worth $248,640,000 after purchasing an additional 1,178,963 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Kirby by 72.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after purchasing an additional 959,209 shares during the last quarter. Norges Bank bought a new stake in Kirby during the fourth quarter worth approximately $81,355,000. Finally, Appian Way Asset Management LP boosted its position in Kirby by 335.8% during the third quarter. Appian Way Asset Management LP now owns 675,546 shares of the shipping company’s stock worth $56,374,000 after purchasing an additional 520,535 shares during the period. Institutional investors own 96.15% of the company’s stock.

Kirby Stock Performance

Shares of NYSE KEX opened at $141.02 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $138.78 and its two-hundred day moving average is $136.87. The company has a market cap of $7.45 billion, a P/E ratio of 21.70, a P/E/G ratio of 1.24 and a beta of 0.84. Kirby Corporation has a 12 month low of $79.51 and a 12 month high of $157.69.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Wednesday, July 29th. The shipping company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.04. The company had revenue of $922.40 million during the quarter, compared to analysts’ expectations of $870.38 million. Kirby had a return on equity of 10.44% and a net margin of 10.18%.Kirby’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.67 earnings per share. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, equities analysts expect that Kirby Corporation will post 7.07 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BTIG Research reissued a “buy” rating and issued a $170.00 price target on shares of Kirby in a research report on Wednesday, July 29th. Weiss Ratings downgraded shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Bank of America raised their target price on shares of Kirby from $169.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Evercore reiterated an “outperform” rating and issued a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Finally, Wall Street Zen lowered shares of Kirby from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.20.

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.