On November 12, 2024, Christian O'Neil, President and Chief Operating Officer of Kirby Corp (KEX, Financial), executed a sale of 15,041 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 7,746 shares of Kirby Corp.
Kirby Corp, headquartered in Houston, Texas, operates in the marine transportation and diesel engine services industries. The company is the premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all three United States coasts, and in Alaska and Hawaii. Kirby also services engines and related equipment used in various marine and onshore applications, oilfield services, and power generation.
Over the past year, Christian O'Neil has sold a total of 60,427 shares and has not made any purchases of Kirby Corp stock. This recent transaction continues a trend seen within the company, where there have been 32 insider sells and no insider buys over the past year.
Shares of Kirby Corp were trading at $130 on the day of the sale, giving the company a market cap of approximately $7.51 billion. The price-earnings ratio stands at 24.91, which is above the industry median of 14.12.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 1.44. The GF Value of $90.39 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
This insider sale might prompt investors to watch the stock closely, considering the insider's significant reduction in ownership and the current valuation metrics suggesting the stock is overvalued relative to its intrinsic value.
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.
