5 Best Marine Shipping Stocks to Buy Now

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1. Kirby Corporation (NYSE:KEX)

Number of Hedge Fund Holders: 20

Kirby Corporation (NYSE:KEX) was founded in 1921 and is headquartered in Houston, Texas. The company is an operator of domestic tank barges. Its Marine Transportation segment offers marine transportation and its vessel transport bulk liquid product, including petrochemicals, black oils, refined petroleum products, and agricultural chemicals. Kirby Corporation (NYSE:KEX) is one of the best marine shipping stocks to invest in. 

On April 27, Kirby Corporation (NYSE:KEX) reported a Q1 non-GAAP EPS of $0.68 and a revenue of $750.44 million, outperforming Wall Street estimates by $0.04 and $26.77 million, respectively. 

According to Insider Monkey’s first quarter database, 20 hedge funds were bullish on Kirby Corporation (NYSE:KEX), compared to 22 funds in the prior quarter. Ric Dillon’s Diamond Hill Capital is a prominent stakeholder of the company, with 1.08 million shares worth $75.8 million. 

Here is what Diamond Hill Small Cap Fund has to say about Kirby Corporation (NYSE:KEX) in its Q3 2021 investor letter:

“Bottom contributors in Q3 included Kirby Corporation. Kirby, a U.S.-based tank barge transporter of bulk liquid products, retreated from its Q2 highs. The recovery in hydrocarbon product volumes slowed due in part to delta-variant related disruptions and an active hurricane season in the Gulf Coast, which restricted refinery operations.”

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