Coyle Financial Counsel LLC Has $1.14 Million Holdings in Kirby Corporation $KEX

Coyle Financial Counsel LLC reduced its stake in shares of Kirby Corporation (NYSE:KEX) by 40.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,314 shares of the shipping company’s stock after selling 7,089 shares during the quarter. Coyle Financial Counsel LLC’s holdings in Kirby were worth $1,136,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KEX. Alliancebernstein L.P. raised its stake in Kirby by 72.5% during the 2nd quarter. Alliancebernstein L.P. now owns 2,282,865 shares of the shipping company’s stock valued at $258,900,000 after purchasing an additional 959,209 shares during the last quarter. Congress Asset Management Co. acquired a new position in Kirby during the 4th quarter valued at $58,385,000. Appian Way Asset Management LP raised its stake in Kirby by 335.8% during the 3rd quarter. Appian Way Asset Management LP now owns 675,546 shares of the shipping company’s stock valued at $56,374,000 after purchasing an additional 520,535 shares during the last quarter. Millennium Management LLC raised its stake in Kirby by 108.4% during the 3rd quarter. Millennium Management LLC now owns 839,662 shares of the shipping company’s stock valued at $70,070,000 after purchasing an additional 436,735 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Kirby by 438.7% during the 3rd quarter. American Century Companies Inc. now owns 271,499 shares of the shipping company’s stock valued at $22,657,000 after purchasing an additional 221,100 shares during the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kirby news, VP Ronald A. Dragg sold 1,726 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $145.01, for a total transaction of $250,287.26. Following the sale, the vice president owned 8,673 shares of the company’s stock, valued at $1,257,671.73. This represents a 16.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Amy D. Husted sold 4,000 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $145.43, for a total transaction of $581,720.00. Following the sale, the vice president directly owned 10,814 shares in the company, valued at approximately $1,572,680.02. This represents a 27.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 31,978 shares of company stock worth $4,470,858. 0.80% of the stock is currently owned by insiders.

Kirby Trading Up 0.1%

Shares of Kirby stock opened at $140.66 on Friday. The stock has a market capitalization of $7.53 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85. 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 company has a 50-day simple moving average of $142.13 and a 200 day simple moving average of $127.30. Kirby Corporation has a 12-month low of $79.51 and a 12-month high of $157.69.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KEX shares. Wall Street Zen cut shares of Kirby from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings cut shares of Kirby from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Zacks Research upgraded shares of Kirby from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Wolfe Research restated an “outperform” rating and issued a $136.00 price objective on shares of Kirby in a research note on Friday, January 30th. Finally, BTIG Research increased their price objective on shares of Kirby from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Kirby 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.