Thu Sep 19 08:19:47 UTC 2024: ## Kirby Co. CEO Sells Shares, Company Beats Earnings Expectations

**New York, NY** – Kirby Co. (NYSE:KEX) CEO David W. Grzebinski recently sold 26,358 shares of the company’s stock for a total value of $3,175,084.68. Following the transaction, the CEO now owns 63,399 shares in the company.

Despite this, the shipping company continues to perform well. In its most recent earnings report, Kirby surpassed analysts’ expectations, reporting $1.43 EPS for the quarter, beating the consensus estimate of $1.32 by $0.11. Revenue also exceeded expectations, reaching $824.40 million compared to the projected $821.65 million.

The company’s strong performance has attracted the attention of several institutional investors. International Assets Investment Management LLC, ORG Partners LLC, Opal Wealth Advisors LLC, Blue Trust Inc., and Mark Sheptoff Financial Planning LLC all purchased new stakes in Kirby during the second quarter.

Kirby Corporation operates domestic tank barges in the United States, providing marine transportation services and towing vessels for transporting bulk liquid products. Their services are offered throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along the three United States coasts, and in Alaska and Hawaii.

The company’s stock opened at $123.08 on Thursday. Analysts predict that Kirby Co. will post 5.46 EPS for the current year.

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