Kirby Corporation Shares Sold by First Trust Advisors LP

Institutional investor trims stake in shipping company

Mar. 10, 2026 at 9:05am

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First Trust Advisors LP, a major institutional investor, reduced its holdings in Kirby Corporation (NYSE:KEX) by 3.1% in the third quarter, according to a recent 13F filing. The fund now owns 1,077,704 shares of the shipping company's stock, valued at $89.9 million.

Why it matters

Kirby is a leading domestic maritime transporter of bulk liquid products in the United States, operating one of North America's largest fleets of inland tank barges and towing vessels. Changes in major institutional ownership can signal shifts in market sentiment and future performance expectations for the company.

The details

According to the 13F filing, First Trust Advisors sold 33,988 shares of Kirby Corporation during the third quarter. The fund now owns a 1.93% stake in the shipping company. Kirby's stock has seen strong performance over the past year, rising over 30% as the company benefits from increased demand for its marine transportation and distribution services.

  • The 13F filing covers Kirby Corporation's holdings as of the end of the third quarter of 2026.

The players

First Trust Advisors LP

A major institutional investor that manages over $200 billion in assets.

Kirby Corporation

A leading domestic maritime transporter of bulk liquid products in the United States, operating one of North America's largest fleets of inland tank barges and towing vessels.

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The takeaway

The reduction in First Trust Advisors' stake in Kirby Corporation suggests the institutional investor may have a more cautious outlook on the shipping company's near-term prospects, even as the stock has performed well over the past year. Investors will be watching to see if other major holders make similar moves or if Kirby can continue its strong operational and financial performance.