4,125 Kirby Corporation $KEX Shares Sold by Skylands Capital LLC

Skylands Capital LLC cut its holdings in Kirby Corporation (NYSE:KEX) by 11.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,885 shares of the shipping company’s stock after selling 4,125 shares during the period. Skylands Capital LLC owned 0.06% of Kirby worth $4,054,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in KEX. Pension & Wealth Management Advisors Inc. bought a new stake in Kirby during the 3rd quarter valued at approximately $45,000. Root Financial Partners LLC grew its holdings in Kirby by 182.9% in the 1st quarter. Root Financial Partners LLC now owns 430 shares of the shipping company’s stock valued at $57,000 after buying an additional 278 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Kirby by 488.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 477 shares of the shipping company’s stock worth $65,000 after buying an additional 396 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in Kirby by 18.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company’s stock worth $69,000 after buying an additional 80 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in Kirby by 18.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,079 shares of the shipping company’s stock worth $119,000 after buying an additional 168 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Kirby Trading Up 0.7%

Shares of KEX opened at $137.16 on Thursday. The stock’s 50-day moving average price is $137.44 and its 200 day moving average price is $140.03. 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 firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.22 and a beta of 0.84. Kirby Corporation has a 12-month low of $85.10 and a 12-month high of $157.69.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Wednesday, July 29th. The shipping company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.04. Kirby had a return on equity of 10.44% and a net margin of 10.18%. The company had revenue of $922.40 million during the quarter, compared to the consensus estimate of $870.38 million. During the same quarter last year, the company earned $1.67 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. As a group, research analysts predict that Kirby Corporation will post 7.10 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KEX. Wall Street Zen lowered Kirby from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Citigroup lowered their price objective on shares of Kirby from $170.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. JPMorgan Chase & Co. started coverage on shares of Kirby in a research report on Wednesday, October 14th. They set an “overweight” rating and a $200.00 target price on the stock. Bank of America upped 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. Finally, Weiss Ratings raised shares of Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 14th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.17.

About Kirby

Kirby Corporation is a Houston-based marine transportation and industrial services company. Through its marine transportation operations, the company is the largest tank barge operator in the United States, transporting bulk liquid products on the nation’s inland and coastal waterways.

Kirby’s marine transportation business carries petrochemicals, refined petroleum products, black oil, agricultural chemicals and other bulk liquids for industrial customers. Its operations primarily serve the U.S.