5 Best Shipping and Container Stocks To Buy

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1. Kirby Corporation (NYSE:KEX)

Number of Hedge Fund Holders: 22

Established in 1921 and based in Houston, Texas, Kirby Corporation (NYSE:KEX) is a prominent operator in the domestic tank barge industry. The company’s Marine Transportation segment specializes in transporting bulk liquid products, encompassing petrochemicals, black oils, refined petroleum products, and agricultural chemicals.

Kirby Corporation (NYSE:KEX) reported net earnings for the third quarter ending September 30, 2023, of $63.0 million or $1.05 per share. This represents an increase from earnings of $39.1 million, or $0.65 per share, in the third quarter of 2022. The company’s consolidated revenues for the third quarter of 2023 were $764.8 million, up from $745.8 million reported for the same period in 2022.

According to Insider Monkey’s first quarter database, 22 hedge funds were bullish on Kirby Corporation (NYSE:KEX), compared to 17 funds in the prior quarter.

You can also take a look at 12 Best Stocks to Buy and Hold for a Lifetime and 15 High-Quality Wines To Buy Under $30 According to Reddit

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