5 Best Shipping and Container Stocks to Buy Now

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1. Kirby Corporation (NYSE:KEX)

Number of Hedge Fund Holders: 23

Houston, Texas-based Kirby Corporation (NYSE:KEX) is the premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii.

On October 24, Kirby Corporation (NYSE:KEX) released the financial results for the third quarter of 2022. Its total revenues increased by 25% y-o-y to $746 million, while it reported a net income of $39 million, compared to a net loss of $265 million in Q3 2021. It generated a normalized EPS of $0.65 for the quarter, exceeding the analyst consensus by $0.06.

As of Q2 2022, Kirby Corporation (NYSE:KEX) was the most sought-after stock among hedge funds on our list of 10 best shipping and container stocks to buy now, as 23 of the elite hedge funds tracked by Insider Monkey held its shares, valued at $297 million. Ric Dillon’s Diamond Hill Capital was its largest hedge fund shareholder with ownership of 1.8 million shares valued at $112 million.

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