Kirby Corp (NYSE:KEX), a major player in the marine transportation and diesel engine service sectors, recently witnessed a significant transaction by one of its top executives. Christian O’Neil, the company’s President and Chief Operating Officer, sold 15,500 shares on August 6, 2024. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 16,079 shares of Kirby Corp.
Over the past year, Christian O’Neil has sold a total of 34,355 shares and purchased no shares of the company. This latest transaction continues a trend seen at Kirby Corp, where there were 38 insider sales and no insider purchases over the past year.
On the day of the sale, Kirby Corp shares were priced at $110.37, giving the company a market capitalization of approximately $6.457 billion. The price-to-earnings ratio is 23.52, which is above the industry average of 13.735.
According to GF Value, an estimate of intrinsic value used by GuruFocus, Kirby Corp has a GF Value of $88.86. At the current price of $110.37, the stock has a Price to GF Value ratio of 1.24, which means it is slightly overvalued.
The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted by a GuruFocus factor that takes into account past earnings and growth, and supplemented by Morningstar analyst estimates of future business performance.
This insider sale could attract the attention of current and potential investors, especially given the company’s valuation and recent trends in insider transactions.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
