Vanguard Group Inc. Has $157.30 Million Position in World Kinect Corporation $WKC

Vanguard Group Inc. boosted its stake in shares of World Kinect Corporation (NYSE:WKC) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,713,507 shares of the company’s stock after purchasing an additional 62,111 shares during the quarter. Vanguard Group Inc. owned about 0.12% of World Kinect worth $157,297,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

WKC has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on shares of World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, May 5th. Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $29.50.

Insider Transactions at World Kinect

In other news, Director Paul H. Stebbins sold 20,828 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $27.69, for a total transaction of $576,727.32. Following the sale, the director directly owned 40,669 shares in the company, valued at approximately $1,126,124.61. The trade was a 33.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Michael John Kroll sold 2,100 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $27.30, for a total value of $57,330.00. Following the completion of the transaction, the chief accounting officer owned 10,390 shares of the company’s stock, valued at $283,647. The trade was a 16.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 57,928 shares of company stock valued at $1,608,784. 3.80% of the stock is owned by corporate insiders.

World Kinect Price Performance

Shares of World Kinect stock opened at $27.22 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. The company has a market cap of $1.40 billion, a PE ratio of -2.67, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The firm has a fifty day moving average price of $24.17 and a two-hundred day moving average price of $24.91. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $29.85.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.44. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The business had revenue of $9.69 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Analysts expect that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were given a $0.20 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. World Kinect’s dividend payout ratio (DPR) is currently -7.84%.

World Kinect Company 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.