Numerai GP LLC Makes New Investment in World Kinect Corporation $WKC

Numerai GP LLC acquired a new stake in World Kinect Corporation (NYSE:WKC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 98,533 shares of the company’s stock, valued at approximately $2,557,000. Numerai GP LLC owned approximately 0.18% of World Kinect as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in WKC. Hantz Financial Services Inc. grew its position in World Kinect by 282.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock worth $33,000 after acquiring an additional 950 shares during the last quarter. Clearstead Advisors LLC increased its position in World Kinect by 52.8% during the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after purchasing an additional 436 shares during the period. Versant Capital Management Inc raised its holdings in World Kinect by 369.3% in the 3rd quarter. Versant Capital Management Inc now owns 2,112 shares of the company’s stock worth $55,000 after purchasing an additional 1,662 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of World Kinect in the 3rd quarter worth about $61,000. Finally, Raymond James Financial Inc. bought a new stake in shares of World Kinect during the 2nd quarter valued at about $96,000. Institutional investors own 97.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WKC shares. Weiss Ratings reissued a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. Morgan Stanley reduced their target price on World Kinect from $27.00 to $25.00 and set an “underweight” rating on the stock in a report on Tuesday, March 3rd. Finally, Zacks Research lowered World Kinect from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Buy rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Strong Sell” and an average price target of $28.00.

World Kinect Stock Performance

Shares of World Kinect stock opened at $22.60 on Tuesday. World Kinect Corporation has a 1 year low of $22.57 and a 1 year high of $29.85. The firm’s 50-day moving average is $26.01 and its 200 day moving average is $25.37. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -2.04, a PEG ratio of 0.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.06 and a quick ratio of 0.92.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, February 19th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.17). World Kinect had a positive return on equity of 6.62% and a negative net margin of 1.66%.The firm had revenue of $9.03 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period last year, the firm posted $0.62 earnings per share. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. Sell-side analysts anticipate that World Kinect Corporation will post 2.56 EPS for the current fiscal year.

World Kinect Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.