Luminus Management increased its stake in Kirby Corporation by over 87,000 shares, valued at $8.8 million, representing a 7.9% change in their AUM for the third quarter. They now hold 116,956 shares of Kirby, accounting for nearly 9% of their Q3 AUM and ranking as the 4th-largest holding. Kirby shares were priced at $83.71 on October 2, down 31.8% over the past year. Despite a challenging year, Kirby management expects a 15-25% increase in earnings for 2025. This move by Luminus reflects their focus on the energy and chemical sectors, despite the risks associated with Kirby’s performance.

Kirby Corporation is a leading U.S. marine shipping company specializing in tank barge transportation and industrial equipment distribution. With a national footprint and broad service offering, Kirby serves customers in the energy, petrochemical, and agricultural sectors, as well as U.S. government entities. Luminus Management’s increased stake in Kirby aligns with their focus on the energy and chemical sectors, despite Kirby’s share price decline over the past year. Kirby’s leadership in marine transport and expected earnings growth for 2025 present both opportunities and risks for investors.

Read more at Nasdaq: Investment Company Luminus Loaded Up on This Leading Industrials Stock. Is It a Buy?