Sequoia Financial Advisors LLC Invests $618,000 in Kirby Corporation $KEX

Sequoia Financial Advisors LLC bought a new position in shares of Kirby Corporation (NYSE:KEX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,606 shares of the shipping company’s stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Horizon Investments LLC lifted its position in shares of Kirby by 3.4% during the 4th quarter. Horizon Investments LLC now owns 6,605 shares of the shipping company’s stock worth $728,000 after buying an additional 218 shares during the period. Fifth Third Bancorp lifted its position in shares of Kirby by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 739 shares of the shipping company’s stock worth $81,000 after buying an additional 114 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Kirby by 1.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 11,840 shares of the shipping company’s stock worth $1,305,000 after buying an additional 135 shares during the period. M&T Bank Corp lifted its position in shares of Kirby by 2.5% during the 4th quarter. M&T Bank Corp now owns 5,179 shares of the shipping company’s stock worth $571,000 after buying an additional 125 shares during the period. Finally, Comerica Bank lifted its position in shares of Kirby by 38.7% during the 4th quarter. Comerica Bank now owns 22,659 shares of the shipping company’s stock worth $2,497,000 after buying an additional 6,319 shares during the period. Institutional investors own 96.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Citigroup raised their target price on Kirby from $147.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings upgraded Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. BTIG Research raised their target price on Kirby from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded Kirby from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $136.00 price objective on shares of Kirby in a research report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.20.

Insider Transactions at Kirby

In other news, COO Christian G. O’neil sold 11,287 shares of Kirby stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $132.34, for a total value of $1,493,721.58. Following the completion of the sale, the chief operating officer directly owned 11,287 shares of the company’s stock, valued at approximately $1,493,721.58. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Raj Kumar sold 3,000 shares of Kirby stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $132.70, for a total value of $398,100.00. Following the completion of the sale, the chief financial officer directly owned 4,494 shares of the company’s stock, valued at $596,353.80. This trade represents a 40.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 61,832 shares of company stock worth $8,092,470. 0.80% of the stock is owned by company insiders.

Kirby Trading Down 1.2%

Shares of KEX opened at $145.65 on Friday. The stock has a fifty day moving average price of $138.56 and a two-hundred day moving average price of $124.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 1.59. Kirby Corporation has a 52-week low of $79.51 and a 52-week high of $157.69. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.53 and a beta of 0.85.

Kirby (NYSE:KEX) last issued its quarterly earnings data on Thursday, April 30th. The shipping company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The firm had revenue of $844.10 million during the quarter, compared to the consensus estimate of $832.57 million. During the same quarter in the previous year, the company posted $1.33 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. Analysts predict that Kirby Corporation will post 6.89 EPS for the current fiscal year.

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.