World Kinect (NYSE:WKC) Chairman Michael Kasbar Sells 10,000 Shares

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of World Kinect stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $39.41, for a total value of $394,100.00. Following the sale, the chairman directly owned 976,450 shares of the company’s stock, valued at approximately $38,481,894.50. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

World Kinect Price Performance

Shares of WKC opened at $38.55 on Thursday. The stock has a market cap of $1.97 billion, a P/E ratio of -12.01, a price-to-earnings-growth ratio of 0.60 and a beta of 1.17. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $41.20. The stock’s 50-day moving average price is $33.91 and its two-hundred day moving average price is $28.48. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The company had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. During the same period in the prior year, the business posted $0.59 EPS. World Kinect’s revenue was up 50.3% on a year-over-year basis. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities analysts predict that World Kinect Corporation will post 3.6 earnings per share 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 issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.4%. This is a boost from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is -28.66%.

Analyst Ratings Changes

WKC has been the subject of several research analyst reports. Wall Street Zen raised shares of World Kinect from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 1st. Morgan Stanley set a $30.00 price objective on World Kinect in a research note on Wednesday, July 29th. Weiss Ratings lowered World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, July 28th. Finally, Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.00.

Institutional Investors Weigh In On World Kinect

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in World Kinect by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after acquiring an additional 62,111 shares in the last quarter. Brandes Investment Partners LP raised its stake in shares of World Kinect by 30.9% in the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock valued at $90,106,000 after purchasing an additional 907,490 shares during the period. Invesco Ltd. raised its stake in shares of World Kinect by 9.5% in the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after purchasing an additional 213,145 shares during the period. LSV Asset Management lifted its holdings in shares of World Kinect by 11.4% in the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after purchasing an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of World Kinect by 373.8% in the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after purchasing an additional 1,264,684 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

About World Kinect

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.