Kirby CEO David Grzebinski sells $2.59 million in stock

On November 2, 2026, Kirby Corporation's CEO, David Grzebinski, sold 18,310 shares of the company's common stock, amounting to roughly $2.59 million. The shares were exchanged at prices between $140.12 and $143.05 each. Following the sales, Mr. Grzebinski directly owns 79,931 shares of Kirby Corp common stock. This sale is significant given that the stock currently trades at $121, representing a decline of nearly 16% over the past week.

Despite this short-term dip, the company's valuation remains appealing, with a price-to-earnings ratio of 17.44 and a price-to-earnings-growth ratio of 0.58, suggesting the stock is undervalued. The stock was also listed on InvestingPro's Most Undervalued list. Kirby Corporation's recent quarter surpassed expectations, posting adjusted earnings of $2.09 per share and revenue of $977.2 million, exceeding analysts' projections.

This performance can be attributed to higher prices in marine transportation and increased demand for power-generation equipment. The company's positive financial results were further highlighted when Stephens raised its price target for Kirby shares from $170 to $175, maintaining an Overweight rating, citing improving pricing trends supported by macroeconomic factors into 2027.