Oppenheimer Asset Management Inc. Invests $9.18 Million in Kirby Corporation $KEX

Key Points

• Oppenheimer Asset Management acquired 67,531 Kirby shares worth approximately $9.18 million, while institutional investors collectively own 96.15% of the company.
• Analysts raised Kirby’s long-term earnings forecasts, with Zacks projecting fiscal 2026 EPS of $7.07 and fiscal 2027 EPS of $8.57; the stock maintains a “Moderate Buy” consensus rating with a $163.20 average price target.
• Kirby recently beat quarterly expectations, reporting $1.67 EPS and $922.4 million in revenue, up 7.8% year over year. Shares opened at $138.65, near their 50-day moving average.

Oppenheimer Asset Management Inc. purchased a new position in Kirby Corporation (NYSE:KEX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 67,531 shares of the shipping company's stock, valued at approximately $9,182,000. Oppenheimer Asset Management Inc. owned about 0.13% of Kirby as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its stake in Kirby by 4.9% during the second quarter. Handelsbanken Fonder AB now owns 15,100 shares of the shipping company's stock valued at $2,053,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Kirby by 34.2% in the second quarter. GAMMA Investing LLC now owns 890 shares of the shipping company's stock worth $121,000 after acquiring an additional 227 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Kirby by 824.5% during the second quarter. CoreCap Advisors LLC now owns 2,718 shares of the shipping company's stock valued at $370,000 after acquiring an additional 2,424 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Kirby during the first quarter valued at $281,000. Finally, Glenmede Trust Co. NA increased its holdings in shares of Kirby by 20.9% during the first quarter. Glenmede Trust Co. NA now owns 5,023 shares of the shipping company's stock valued at $667,000 after acquiring an additional 869 shares in the last quarter. Institutional investors own 96.15% of the company's stock.

Key Kirby News

Here are the key news stories impacting Kirby this week:

• Positive Sentiment: Zacks raised its 2026 EPS forecast to $7.07 from $6.97 and increased its Q3 and Q4 2026 estimates to $1.96 and $1.94, respectively. Both quarterly forecasts were raised by $0.06 and $0.03.
• Positive Sentiment: Longer-term expectations also improved: FY2027 EPS was lifted to $8.57 from $8.27, while FY2028 EPS increased to $9.20 from $9.05. Zacks also raised estimates for Q2 2027, Q3 2027, Q4 2027, Q1 2028 and Q2 2028.
• Positive Sentiment: The largest quarterly increase was for Q3 2027, raised to $2.41 from $2.30. Q2 2028 EPS was increased to $2.35 from $2.17, and Q4 2027 to $2.23 from $2.16.
• Neutral Sentiment: Zacks’ FY2026 forecast of $7.07 remains below the broader analyst consensus of $7.28, although the company recently exceeded quarterly EPS and revenue expectations and reported 7.8% year-over-year revenue growth.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KEX shares. Bank of America upped their price target 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. Wall Street Zen lowered shares of Kirby from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Evercore reaffirmed an "outperform" rating and issued a $158.00 target price on shares of Kirby in a report on Friday, May 1st. Weiss Ratings downgraded shares of Kirby from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Finally, BTIG Research reiterated a "buy" rating and set a $170.00 price target on shares of Kirby in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $163.20.

Kirby Stock Up 0.8%

KEX stock opened at $138.65 on Friday. The stock has a market capitalization of $7.32 billion, a P/E ratio of 21.33, a P/E/G ratio of 1.24 and a beta of 0.84. 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 Corporation has a 1-year low of $79.51 and a 1-year high of $157.69. The business has a fifty day moving average price of $138.79 and a 200-day moving average price of $136.72.

Kirby (NYSE:KEX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $922.40 million for the quarter, compared to analysts' expectations of $870.38 million. During the same period last year, the firm posted $1.67 earnings per share. Kirby's revenue was up 7.8% compared to the same quarter last year. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. Equities analysts forecast that Kirby Corporation will post 7.07 earnings per share for the current fiscal year.

Kirby Company 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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