BlackRock Amends Kirby Corp. Stake, Remains Key Investor
Ticker: KEX · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 56047
| Field | Detail |
|---|---|
| Company | Kirby CORP (KEX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Kirby Corp. stake, still a major holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership of Kirby Corp. common stock as of December 31, 2023. This amendment, the 11th for BlackRock regarding Kirby, shows that BlackRock continues to be a significant institutional holder, which can provide stability but also means large sales could impact the stock price. Investors should note BlackRock's continued interest as a major institutional investor in Kirby Corp.
Why It Matters
This filing confirms BlackRock's ongoing substantial investment in Kirby Corp., signaling institutional confidence but also highlighting the potential for market impact from any future large-scale adjustments to their position.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder in Kirby Corp, which can be a sign of institutional confidence. However, this filing alone doesn't provide specific buy/sell signals, but rather confirms ongoing institutional interest.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Kirby Corp (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- 11 (number) — the amendment number for this filing
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor, like BlackRock Inc., has updated its ownership stake in a company, in this case, Kirby Corp.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock Inc., a major institutional investment firm based in New York, NY, with a Central Index Key (CIK) of 0001364742.
What is the 'subject company' and what is its business?
The subject company is Kirby Corp, identified by CIK 0000056047. Its Standard Industrial Classification (SIC) is 'WATER TRANSPORTATION [4400]', indicating it operates in the water transportation industry.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, meaning the ownership data reported reflects BlackRock's holdings as of that date.
What is the CUSIP number associated with the securities reported in this filing?
The CUSIP number for the Common Stock of Kirby Corp, as stated in the filing, is 497266106.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding KIRBY CORP (KEX).