Ieq Capital LLC Invests $5.32 Million in World Kinect Corporation $WKC

Ieq Capital LLC purchased a new stake in shares of World Kinect Corporation (NYSE:WKC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 161,428 shares of the company’s stock, valued at approximately $5,317,000.

Other institutional investors also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new position in World Kinect during the 1st quarter valued at about $37,000. Aquatic Capital Management LLC bought a new stake in shares of World Kinect in the third quarter worth approximately $61,000. Aster Capital Management DIFC Ltd grew its stake in shares of World Kinect by 977.9% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after acquiring an additional 2,386 shares during the period. Clearstead Advisors LLC raised its holdings in shares of World Kinect by 108.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after purchasing an additional 1,372 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of World Kinect during the second quarter valued at approximately $96,000. 97.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Jose-Miguel Tejada sold 6,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $37.16, for a total value of $222,960.00. Following the transaction, the executive vice president directly owned 35,676 shares in the company, valued at approximately $1,325,720.16. This represents a 14.40% 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, Director John L. Manley sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total value of $398,800.00. Following the completion of the transaction, the director directly owned 54,116 shares in the company, valued at approximately $2,158,146.08. This trade represents a 15.60% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 124,445 shares of company stock worth $4,455,900. Corporate insiders own 3.80% of the company’s stock.

World Kinect Trading Up 0.1%

Shares of WKC stock opened at $35.99 on Monday. The stock’s 50 day simple moving average is $35.46 and its two-hundred day simple moving average is $29.32. World Kinect Corporation has a 1 year low of $22.21 and a 1 year high of $41.20. The company has a market cap of $1.84 billion, a PE ratio of -11.21, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91.

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

World Kinect Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.23 per share. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 30th. World Kinect’s payout ratio is currently -28.66%.

Analysts Set New Price Targets

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

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.