Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Kirby Corporation (NYSE:KEX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 510,102 shares of the shipping company's stock, valued at approximately $69,359,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.97% of Kirby as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. bought a new stake in Kirby in the 2nd quarter valued at about $733,274,000. Dimensional Fund Advisors LP raised its position in shares of Kirby by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,617,538 shares of the shipping company's stock valued at $347,829,000 after buying an additional 133,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kirby by 92.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company's stock valued at $287,803,000 after buying an additional 1,251,700 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Kirby by 72.5% in the second quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company's stock valued at $258,900,000 after buying an additional 959,209 shares during the period. Finally, First Trust Advisors LP grew its position in Kirby by 109.4% during the fourth 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 in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.
Kirby Trading Up 0.2%
Shares of KEX stock opened at $140.21 on Monday. Kirby Corporation has a twelve month low of $79.51 and a twelve month high of $157.69. The stock's fifty day simple moving average is $138.60 and its 200 day simple moving average is $137.37. 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 $7.40 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.26 and a beta of 0.84.
Kirby (NYSE:KEX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The shipping company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.63 by $0.04. Kirby had a return on equity of 10.44% and a net margin of 10.18%.The firm had revenue of $922.40 million during the quarter, compared to the consensus estimate of $870.38 million. During the same period last year, the company earned $1.67 earnings per share. The business'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, sell-side analysts predict that Kirby Corporation will post 7.07 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on KEX shares. Evercore reaffirmed an "outperform" rating and issued a $158.00 price objective on shares of Kirby in a report on Friday, May 1st. Wall Street Zen cut Kirby from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Citigroup boosted their price target on Kirby from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, July 31st. BTIG Research reaffirmed a "buy" rating and set a $170.00 price objective on shares of Kirby in a research report on Wednesday, July 29th. Finally, Bank of America increased their price objective on shares of Kirby from $169.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.20.
View Our Latest Research Report on Kirby
About Kirby
(
Free Report)
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.
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