King Luther Capital Management Reduces $8M in Kirby Corporation ($KEX)
Key Points
- King Luther Capital Management changed its Kirby Corporation ($KEX) stake by 3.48% last quarter, cutting to 1,560,791 shares worth $223.85 million.
- $KEX last traded around $143.42.
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King Luther Capital Management trimmed its position in Kirby Corporation ($KEX) by 3.48% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,560,791 shares of Kirby Corporation after selling 56,309 shares during the quarter. King Luther Capital Management's holdings in Kirby Corporation were worth $223.85 million as of its most recent filing.
Kirby Corporation Stock Up 3.1%
Shares of Kirby Corporation ($KEX) traded around $143.42 on Saturday, up 3.1% for the day.
Kirby Corporation Earnings
Analysts Set New Price Targets
About Kirby Corporation
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessels transporting bulk liquid product, as well as operates tank barges throughout the Mississippi River System, on the Gulf Intracoastal Waterway, and coastwise along three United States coasts, Alaska, and Hawaii. It transports petrochemicals, black oils, refined petroleum products, and agricultural chemicals by tank barges; and operates offshore dry-bulk barges and tugboat units that are involved in the offshore transportation of dry-bulk cargos in the United States coastal trade. It owns and operates 1,105 inland tank barges, approximately 266 inland towboats, 28 coastal tank barges, 24 coastal tugboats, 2 offshore dry-bulk cargo barges, 3 offshore tugboats, and a docking tugboat. Its Distribution and Services segment sells after-market service and genuine replacement parts for engines, transmissions, reduction gears, electric motors, drives, and controls, electrical distribution and control systems, energy storage battery systems, and related oilfield service equipment; rebuilds component parts or diesel engines, transmissions and reduction gears, and related equipment for use in oilfield services, marine, power generation, on-highway, and other industrial applications; rents generators, industrial compressors, high capacity lift trucks, and refrigeration trailers; and manufactures and remanufactures oilfield service equipment, including pressure pumping units, as well as manufacturers electric power generation equipment, specialized electrical distribution and control equipment, and high capacity energy storage/battery systems. It serves various companies in the United States government, and pleasure crafts. The company was formerly known as Kirby Exploration Company, Inc. and changed its name to Kirby Corporation in 1990. Kirby Corporation was founded in 1921 and is headquartered in Houston, Texas.
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