Public Employees Retirement System of Ohio Takes $2.18 Million Position in Kirby Corporation $KEX

Key Points

• Public Employees Retirement System of Ohio acquired 16,003 Kirby shares worth approximately $2.18 million, while institutional investors collectively own 96.15% of the company.
• Kirby beat quarterly expectations with adjusted EPS of $1.67 versus the $1.63 estimate and revenue of $922.4 million, up 7.8% year over year.
• Analysts maintain a generally positive outlook, with five Buy ratings, two Hold ratings, a “Moderate Buy” consensus, and an average price target of $163.20 versus the stock’s $140.51 opening price.

Public Employees Retirement System of Ohio acquired a new position in Kirby Corporation (NYSE:KEX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,003 shares of the shipping company's stock, valued at approximately $2,176,000.

Several other large investors have also recently modified their holdings of KEX. Rothschild Investment LLC boosted its stake in Kirby by 2,600.0% in the fourth quarter. Rothschild Investment LLC now owns 270 shares of the shipping company's stock valued at $30,000 after acquiring an additional 260 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Kirby by 537.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 306 shares of the shipping company's stock worth $34,000 after purchasing an additional 258 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Kirby by 50.0% during the 4th quarter. Parallel Advisors LLC now owns 402 shares of the shipping company's stock valued at $44,000 after purchasing an additional 134 shares during the last quarter. Root Financial Partners LLC lifted its holdings in shares of Kirby by 182.9% during the 1st quarter. Root Financial Partners LLC now owns 430 shares of the shipping company's stock valued at $57,000 after purchasing an additional 278 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Kirby by 18.2% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 520 shares of the shipping company's stock worth $69,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 96.15% of the company's stock.

Kirby Stock Performance

KEX opened at $140.51 on Monday. Kirby Corporation has a 12-month low of $79.51 and a 12-month high of $157.69. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $7.42 billion, a PE ratio of 21.62, a P/E/G ratio of 1.26 and a beta of 0.86. The firm has a 50 day moving average of $138.73 and a two-hundred day moving average of $138.66.

Kirby (NYSE:KEX - Get Free Report) last announced 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. The business had revenue of $922.40 million during the quarter, compared to analysts' expectations of $870.38 million. Kirby had a net margin of 10.18% and a return on equity of 10.44%. The business's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 EPS. Kirby has set its FY 2026 guidance at 7.280-7.280 EPS. On average, analysts anticipate that Kirby Corporation will post 7.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America upped their target price on Kirby from $169.00 to $182.00 and gave the company a "buy" rating in a research report on Wednesday, July 8th. BTIG Research reissued a "buy" rating and issued a $170.00 price target on shares of Kirby in a report on Wednesday, July 29th. Weiss Ratings lowered Kirby from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 31st. Citigroup upped their price objective on shares of Kirby from $165.00 to $170.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Kirby from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Kirby currently has an average rating of "Moderate Buy" and an average target price of $163.20.

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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