Insider Sell: Exec VP and CFO Raj Kumar Sells 1,670 Shares of Kirby Corp (KEX)
Raj Kumar, Executive Vice President and Chief Financial Officer of Kirby Corp, has sold 1,670 shares of the company on February 23, 2024, according to a recent SEC Filing. Kirby Corp is a Houston-based marine transportation and diesel engine services company, operating the largest inland and offshore tank barge fleets in the United States.
Over the past year, the insider has sold a total of 4,636 shares and has not made any purchases of the company's stock.
The insider transaction history for Kirby Corp indicates a trend with 1 insider buy and 33 insider sells over the past year.
On the day of the insider's recent sale, shares of Kirby Corp were trading at $88, giving the company a market cap of $5.123 billion.
The price-earnings ratio of Kirby Corp stands at 23.53, which is above the industry median of 14.09 and also above the company's historical median price-earnings ratio.
With a trading price of $88 and a GuruFocus Value of $85.09, Kirby Corp has a price-to-GF-Value ratio of 1.03, indicating that the stock is Fairly Valued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
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.
This article first appeared on GuruFocus.
