Senator Angus S. King Jr. (I-Maine) recently bought shares of Kirby Corporation NYSE: KEX. In a filing disclosed on August 18th, the Senator disclosed that they had bought between $1,001 and $15,000 in Kirby stock on July 21st.
Senator Angus S. King Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Uber Technologies NYSE: UBER on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Netflix NASDAQ: NFLX on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/21/2025.
- Purchased $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 7/21/2025.
Kirby Stock Performance
NYSE KEX opened at $97.3250 on Friday. The stock has a fifty day simple moving average of $110.03 and a 200-day simple moving average of $105.22. The company has a current ratio of 1.74, a quick ratio of 1.12 and a debt-to-equity ratio of 0.33. The stock has a market cap of $5.43 billion, a PE ratio of 18.40, a P/E/G ratio of 0.98 and a beta of 1.01. Kirby Corporation has a twelve month low of $83.94 and a twelve month high of $132.21.
Kirby (NYSE:KEX - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The shipping company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.59 by $0.08. The firm had revenue of $855.46 million for the quarter, compared to analyst estimates of $851.94 million. Kirby had a net margin of 9.25% and a return on equity of 10.02%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.43 EPS. Equities analysts anticipate that Kirby Corporation will post 6.57 earnings per share for the current year.
Hedge Funds Weigh In On Kirby
Institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. raised its stake in shares of Kirby by 72.5% in the second quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company's stock valued at $258,900,000 after acquiring an additional 959,209 shares in the last quarter. Select Equity Group L.P. increased its holdings in Kirby by 10.8% during the 2nd quarter. Select Equity Group L.P. now owns 2,165,929 shares of the shipping company's stock worth $245,638,000 after purchasing an additional 211,231 shares during the period. Jennison Associates LLC raised its position in Kirby by 9.0% in the 1st quarter. Jennison Associates LLC now owns 1,300,103 shares of the shipping company's stock valued at $131,323,000 after purchasing an additional 107,240 shares in the last quarter. Encompass Capital Advisors LLC raised its position in Kirby by 32.4% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,225,338 shares of the shipping company's stock valued at $138,966,000 after purchasing an additional 299,981 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Kirby by 69.7% in the 4th quarter. First Trust Advisors LP now owns 876,292 shares of the shipping company's stock valued at $92,712,000 after buying an additional 359,770 shares during the period. Institutional investors and hedge funds own 96.15% of the company's stock.
Analyst Ratings Changes
Separately, Bank of America upped their price target on Kirby from $116.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $130.00.
Check Out Our Latest Research Report on Kirby
About Senator King
Angus King (independent) is a member of the U.S. Senate from Maine. He assumed office on January 3, 2013. His current term ends on January 3, 2031.
King (independent) ran for re-election to the U.S. Senate to represent Maine. He won in the general election on November 5, 2024.
Kirby Company Profile
(
Get Free Report)
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
Further Reading
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