Deutsche Bank AG Invests $44.98 Million in Kirby Corporation $KEX

Key Points

• Deutsche Bank acquired 330,837 Kirby shares worth approximately $44.98 million during the second quarter, giving it a 0.62% stake. Institutional investors collectively own 96.15% of the company.
• Kirby beat quarterly expectations with adjusted EPS of $1.67 versus the $1.63 consensus and revenue of $922.4 million, up 7.8% year over year.
• 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 $140.21 opening price.

Deutsche Bank AG bought a new position in Kirby Corporation (NYSE:KEX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 330,837 shares of the shipping company's stock, valued at approximately $44,984,000. Deutsche Bank AG owned about 0.62% of Kirby as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of KEX. King Luther Capital Management Corp raised its stake in shares of Kirby by 3.0% in the 4th quarter. King Luther Capital Management Corp now owns 1,617,100 shares of the shipping company's stock valued at $178,172,000 after acquiring an additional 47,099 shares during the period. Mountaineer Partners Management LLC raised its stake in shares of Kirby by 33.6% in the 4th quarter. Mountaineer Partners Management LLC now owns 87,444 shares of the shipping company's stock valued at $9,635,000 after purchasing an additional 22,013 shares in the last quarter. Strs Ohio increased its holdings in shares of Kirby by 4,237.3% in the 1st quarter. Strs Ohio now owns 57,990 shares of the shipping company's stock valued at $7,706,000 after acquiring an additional 56,653 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Kirby in the 2nd quarter valued at about $9,182,000. Finally, Norges Bank acquired a new stake in shares of Kirby during the 4th quarter worth approximately $81,355,000. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Kirby Stock Up 0.7%

Kirby stock opened at $140.21 on Friday. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69. The company's 50-day moving average is $138.60 and its 200-day moving average is $137.24. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.68 and a quick ratio of 1.12. The firm has a market capitalization of $7.40 billion, a PE ratio of 21.57, a P/E/G ratio of 1.25 and a beta of 0.84.

Kirby (NYSE:KEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The shipping company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.04. The firm had revenue of $922.40 million for the quarter, compared to the consensus estimate of $870.38 million. Kirby had a net margin of 10.18% and a return on equity of 10.44%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 earnings per share. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Sell-side analysts anticipate that Kirby Corporation will post 7.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KEX. BTIG Research restated a "buy" rating and set a $170.00 price objective on shares of Kirby in a research note on Wednesday, July 29th. Citigroup raised their price objective on shares of Kirby from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Wall Street Zen downgraded Kirby from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Bank of America increased their price objective 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, Evercore reaffirmed an "outperform" rating and set a $158.00 price objective 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $163.20.

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.

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