Callan Family Office LLC Makes New Investment in Kirby Corporation $KEX

Key Points

• Callan Family Office bought 7,826 Kirby shares worth approximately $1.06 million in the second quarter. Institutional investors collectively own 96.15% of the company, with several major firms also increasing their positions.
• Kirby reported quarterly EPS of $1.67, beating estimates of $1.63, while revenue rose 7.8% year over year to $922.4 million. The company maintained fiscal 2026 guidance of $7.28 EPS.
• Analyst sentiment remains positive, with six Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $163.20 versus the stock’s reported $138.75 price.

Callan Family Office LLC purchased a new stake in shares of Kirby Corporation (NYSE:KEX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,826 shares of the shipping company's stock, valued at approximately $1,064,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Kirby during the 2nd quarter valued at $733,274,000. 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 worth $287,803,000 after purchasing an additional 1,251,700 shares during the period. First Trust Advisors LP lifted its position in shares of 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 acquiring an additional 1,178,963 shares during the period. Alliancebernstein L.P. lifted its position in Kirby by 72.5% in the second 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 period. Finally, Norges Bank acquired a new stake in shares of Kirby during the 4th quarter valued at about $81,355,000. Institutional investors and hedge funds own 96.15% of the company's stock.

Kirby Stock Down 0.8%

KEX stock opened at $138.75 on Tuesday. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.26 and a beta of 0.84. The business's fifty day moving average price is $138.55 and its two-hundred day moving average price is $137.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 1.12.

Kirby (NYSE:KEX - Get Free Report) last posted 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 firm had revenue of $922.40 million for the quarter, compared to analyst estimates of $870.38 million. During the same quarter last year, the company earned $1.67 EPS. The company's revenue was up 7.8% on a year-over-year basis. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, equities analysts anticipate that Kirby Corporation will post 7.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Bank of America upped 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. Citigroup raised their target price on shares of Kirby from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Wall Street Zen lowered Kirby from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Kirby from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 17th. Finally, Evercore restated an "outperform" rating and set a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Kirby currently has an average rating of "Moderate Buy" and a consensus price target of $163.20.

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.

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