World Kinect (NYSE:WKC) Director John Manley Sells 10,000 Shares

World Kinect Corporation (NYSE:WKC) Director John Manley sold 10,000 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $39.88, for a total value of $398,800.00. Following the sale, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

World Kinect Price Performance

NYSE:WKC opened at $39.82 on Friday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -12.41, a price-to-earnings-growth ratio of 0.61 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average is $33.33 and its two-hundred day moving average is $28.24. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $41.20.

World Kinect (NYSE:WKC) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. The business had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Research analysts expect that World Kinect Corporation will post 3.6 EPS for the current year.

World Kinect Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, June 30th. This is an increase from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is presently -28.66%.

Analyst Ratings Changes

A number of research analysts have weighed in on WKC shares. Morgan Stanley set a $30.00 price target on World Kinect in a research note on Wednesday. Wall Street Zen raised World Kinect from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings lowered World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday. Finally, Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect in the first quarter worth about $37,000. Aquatic Capital Management LLC acquired a new stake in shares of World Kinect in the third quarter valued at about $61,000. Aster Capital Management DIFC Ltd raised its holdings in shares of World Kinect by 977.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after buying an additional 2,386 shares during the period. Clearstead Advisors LLC raised its holdings in shares of World Kinect by 108.8% during the 4th quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after buying an additional 1,372 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in World Kinect during the 2nd quarter worth approximately $96,000. Institutional investors and hedge funds own 97.06% of the company’s stock.

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.