David Grzebinski, CEO of Kirby Corp (KEX, Financial), executed a sale of 26,358 shares of the company on September 16, 2024, according to a recent SEC Filing. The transaction occurred at an average price of $120.46 per share, totaling approximately $3,175,404.68. Following this transaction, the insider now owns 63,399 shares of Kirby Corp, representing a significant stake in the company.
Kirby Corp, headquartered in Houston, Texas, operates in the marine transportation and diesel engine services industries. The company is the largest domestic tank barge operator in the United States, providing transportation services by tank barge for petrochemicals, refined petroleum products, black oil, and agricultural chemicals.
Over the past year, David Grzebinski has sold a total of 59,358 shares and has not purchased any shares. This recent sale is part of a broader trend observed within Kirby Corp, where there have been 29 insider sells and no insider buys over the past year.
On the valuation front, Kirby Corp's shares were trading at $120.46 on the day of the sale, giving the company a market cap of approximately $7.115 billion. The price-earnings ratio stands at 26.09, which is above both the industry median of 13.96 and the company's historical median.
According to the GF Value, an intrinsic value estimate calculated by GuruFocus, Kirby Corp is currently significantly overvalued. The GF Value of $89.83 suggests a price-to-GF-Value ratio of 1.34, indicating that the stock's current price is higher than its estimated fair value.
The GF Value is determined by considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might attract the attention of current and potential investors trying to understand the latest shifts within Kirby Corp's stock ownership and market valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
