Susquehanna Fundamental Investments LLC Grows Position in Kirby Corporation $KEX

Key Points

• Susquehanna Fundamental Investments increased its Kirby position by 950.6% in the second quarter, owning 76,792 shares valued at approximately $10.4 million. Institutional investors collectively hold 96.15% of Kirby’s outstanding stock.
• Kirby reported quarterly earnings of $1.67 per share, beating estimates of $1.63, while revenue rose 7.8% year over year to $922.4 million, exceeding expectations.
• Analyst sentiment remains favorable, with six Buy ratings and one Hold rating; Kirby has a “Moderate Buy” consensus and an average price target of $163.20 versus its recent $139.02 share price.

Susquehanna Fundamental Investments LLC increased its holdings in shares of Kirby Corporation (NYSE:KEX - Free Report) by 950.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,792 shares of the shipping company's stock after purchasing an additional 69,483 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.15% of Kirby worth $10,441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KEX. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kirby by 1.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 56,351 shares of the shipping company's stock valued at $7,662,000 after buying an additional 743 shares during the period. Hsbc Holdings PLC boosted its stake in Kirby by 136.7% during the second quarter. Hsbc Holdings PLC now owns 21,319 shares of the shipping company's stock worth $2,899,000 after buying an additional 12,311 shares during the period. Empowered Funds LLC purchased a new position in Kirby during the second quarter worth about $275,000. Equitable Holdings Inc. acquired a new stake in shares of Kirby during the second quarter valued at about $622,000. Finally, Formula Growth Ltd. acquired a new stake in shares of Kirby during the second quarter valued at about $1,597,000. 96.15% of the stock is currently owned by hedge funds and other institutional investors.

Kirby Price Performance

Shares of KEX opened at $139.02 on Monday. The company has a market cap of $7.34 billion, a P/E ratio of 21.39, a PEG ratio of 1.25 and a beta of 0.84. Kirby Corporation has a fifty-two week low of $79.51 and a fifty-two week high of $157.69. 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's 50 day moving average price is $138.41 and its 200 day moving average price is $138.00.

Kirby (NYSE:KEX - Get Free Report) last issued its quarterly 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 net margin of 10.18% and a return on equity of 10.44%. The company had revenue of $922.40 million during the quarter, compared to analysts' expectations of $870.38 million. During the same quarter last year, the company posted $1.67 EPS. The firm'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. On average, research analysts forecast that Kirby Corporation will post 7.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KEX shares. Wall Street Zen lowered shares of Kirby from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Kirby from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 17th. BTIG Research reissued a "buy" rating and issued a $170.00 target price on shares of Kirby in a research report on Wednesday, July 29th. Bank of America upped their price target on Kirby from $169.00 to $182.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Finally, Citigroup increased their target price on Kirby from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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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