Krilogy Financial LLC Has $630,000 Stake in Kirby Corporation $KEX

Krilogy Financial LLC reduced its stake in Kirby Corporation (NYSE:KEX) by 52.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,388 shares of the shipping company’s stock after selling 4,879 shares during the quarter. Krilogy Financial LLC’s holdings in Kirby were worth $630,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Maseco LLP bought a new position in Kirby during the 4th quarter worth $27,000. Rothschild Investment LLC lifted its position in shares of Kirby by 2,600.0% during the 4th quarter. Rothschild Investment LLC now owns 270 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 260 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Kirby by 537.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company’s stock worth $34,000 after purchasing an additional 258 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Kirby by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company’s stock worth $44,000 after purchasing an additional 134 shares in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Kirby by 57.8% in the fourth quarter. UMB Bank n.a. now owns 636 shares of the shipping company’s stock worth $70,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on KEX shares. Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 29th. Citigroup raised their target price on shares of Kirby from $147.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Wall Street Zen raised shares of Kirby from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. BTIG Research boosted their target price on shares of Kirby from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Evercore reaffirmed an “outperform” rating and set a $158.00 price target on shares of Kirby in a report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.20.

Insider Transactions at Kirby

In other news, COO Christian G. O’neil sold 11,287 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $145.93, for a total value of $1,647,111.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Amy D. Husted sold 4,000 shares of the firm’s 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 completion of the transaction, the vice president owned 10,814 shares of the company’s stock, valued at approximately $1,572,680.02. This trade represents a 27.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,691 shares of company stock valued at $2,579,036 over the last three months. Company insiders own 0.80% of the company’s stock.

Kirby Stock Down 1.3%

Shares of NYSE:KEX opened at $136.76 on Friday. Kirby Corporation has a 52-week low of $79.51 and a 52-week high of $157.69. The company has a market capitalization of $7.32 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. 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 company has a fifty day moving average of $143.81 and a 200-day moving average of $131.59.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The company had revenue of $844.10 million for the quarter, compared to the consensus estimate of $832.57 million. Kirby had a return on equity of 10.62% and a net margin of 10.51%.Kirby’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. On average, equities analysts predict that Kirby Corporation will post 6.99 EPS for the current fiscal year.

About Kirby

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.