Lombard Odier Asset Management USA Corp Makes New Investment in Kirby Corporation $KEX

Lombard Odier Asset Management USA Corp acquired a new position in Kirby Corporation (NYSE:KEX) in the 4th quarter, HoldingsChannel reports. The firm acquired 11,486 shares of the shipping company’s stock, valued at approximately $1,266,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Kirby by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,667,853 shares of the shipping company’s stock worth $472,982,000 after buying an additional 134,261 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Kirby by 92.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,612,119 shares of the shipping company’s stock worth $287,803,000 after buying an additional 1,251,700 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Kirby by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,484,508 shares of the shipping company’s stock worth $273,745,000 after buying an additional 93,676 shares during the period. Alliancebernstein L.P. lifted its holdings in Kirby by 72.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock worth $258,900,000 after buying an additional 959,209 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Kirby by 109.4% in the 4th quarter. First Trust Advisors LP now owns 2,256,667 shares of the shipping company’s stock worth $248,640,000 after buying an additional 1,178,963 shares during the period. Hedge funds and other institutional investors own 96.15% of the company’s stock.

Insider Buying and Selling

In related news, COO Christian G. O’neil sold 11,287 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $145.93, for a total transaction of $1,647,111.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William Matthew Woodruff sold 678 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $147.37, for a total value of $99,916.86. Following the transaction, the vice president directly owned 9 shares of the company’s stock, valued at approximately $1,326.33. This trade represents a 98.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 17,691 shares of company stock worth $2,579,036 in the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Kirby Stock Down 0.1%

KEX stock opened at $141.84 on Wednesday. Kirby Corporation has a twelve month low of $79.51 and a twelve month high of $157.69. The company has a quick ratio of 1.01, a current ratio of 1.59 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.59 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81. The business has a 50 day moving average of $144.10 and a 200 day moving average of $130.25.

Kirby (NYSE:KEX) last posted its quarterly earnings data on Thursday, April 30th. The shipping company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Kirby had a return on equity of 10.62% and a net margin of 10.51%.The company had revenue of $844.10 million during the quarter, compared to analyst estimates of $832.57 million. During the same quarter last year, the company earned $1.33 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Kirby has set its FY 2026 guidance at 6.650-7.280 EPS. On average, research analysts forecast that Kirby Corporation will post 6.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on KEX shares. Wall Street Zen raised Kirby from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Kirby from a “strong sell” rating to a “hold” rating in a research report on Friday, March 13th. Weiss Ratings raised Kirby from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 29th. Evercore reissued an “outperform” rating and issued a $158.00 target price on shares of Kirby in a research report on Friday, May 1st. Finally, BTIG Research increased their target price on Kirby from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $146.20.

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.