SCHEDULE 13G/A: Neuberger Berman Group Amends Passive Stake in Kirby Corp, Holding 4.5% of Common Stock

Neuberger Berman Group LLC and its affiliate Neuberger Berman Investment Advisers LLC have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 4.5% of Kirby Corp's common stock as of February 28, 2025.

Summary

• Neuberger Berman Group LLC reported beneficial ownership of 2,555,428 shares of Kirby Corp common stock, representing 4.5% of the class.
• Neuberger Berman Investment Advisers LLC reported beneficial ownership of 2,463,204 shares of Kirby Corp common stock, representing 4.3% of the class.
• Both entities hold shared voting and shared dispositive power over their respective reported shares, with no sole voting or sole dispositive power.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Kirby Corp.

Sentiment

Score: 5

Explanation: The document is a routine beneficial ownership filing (Schedule 13G) indicating a passive stake. It contains no positive or negative operational or financial news about the issuer, Kirby Corp. The sentiment is neutral as it simply reports a factual ownership position.

Positives

• The filing indicates a continued passive investment by a significant institutional investor, Neuberger Berman, in Kirby Corp.
• The investment is stated to be in the ordinary course of business, suggesting a long-term, non-activist stance.

Negatives

• The filing itself does not present any negative information regarding Kirby Corp's operations or financial health.
• The percentage of ownership for Neuberger Berman Group LLC is 4.5%, which is below the 5% threshold that would typically trigger a Schedule 13D filing (implying an intent to influence or control), reinforcing its passive nature.

Risks

• The document does not disclose specific risks related to Kirby Corp's business operations or financial performance.
• As a Schedule 13G, it primarily reports beneficial ownership and does not delve into the issuer's risk factors.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific industry context or trends. It indicates Neuberger Berman's continued investment in the industrial or marine transportation sector, where Kirby Corp operates.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's passive stake in the company.

Key Dates

Keywords

Kirby Corp, Neuberger Berman, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management