Legato Capital Management LLC Has $359,000 Holdings in World Kinect Corporation $WKC

Legato Capital Management LLC lowered its position in shares of World Kinect Corporation (NYSE:WKC) by 63.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,318 shares of the company’s stock after selling 27,088 shares during the quarter. Legato Capital Management LLC’s holdings in World Kinect were worth $359,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. LSV Asset Management raised its holdings in shares of World Kinect by 11.4% during the fourth quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after acquiring an additional 198,076 shares during the period. GSA Capital Partners LLP raised its holdings in shares of World Kinect by 98.6% during the fourth quarter. GSA Capital Partners LLP now owns 96,774 shares of the company’s stock valued at $2,267,000 after acquiring an additional 48,048 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of World Kinect during the fourth quarter valued at approximately $9,427,000. Versor Investments LP raised its holdings in shares of World Kinect by 197.2% during the fourth quarter. Versor Investments LP now owns 30,310 shares of the company’s stock valued at $710,000 after acquiring an additional 20,110 shares during the period. Finally, Strs Ohio raised its holdings in shares of World Kinect by 46.5% during the fourth quarter. Strs Ohio now owns 31,500 shares of the company’s stock valued at $738,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 97.06% of the company’s stock.

World Kinect Stock Performance

WKC stock opened at $28.85 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05. The stock has a market cap of $1.48 billion, a P/E ratio of -2.83, a P/E/G ratio of 0.60 and a beta of 1.22. The firm has a 50 day simple moving average of $25.30 and a 200 day simple moving average of $25.14. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $29.85.

World Kinect (NYSE:WKC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.31 by $0.44. The business had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. World Kinect had a negative net margin of 1.53% and a positive return on equity of 8.27%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Research analysts anticipate that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

World Kinect Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Monday, March 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, March 30th. World Kinect’s dividend payout ratio (DPR) is currently -7.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WKC shares. Morgan Stanley boosted 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. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. One investment 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.50.

Insider Buying and Selling at World Kinect

In other World Kinect news, CAO Michael John Kroll sold 2,100 shares of World Kinect stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 10,390 shares in the company, valued at $283,647. The trade was a 16.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul H. Stebbins sold 20,828 shares of World Kinect stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $27.69, for a total transaction of $576,727.32. Following the completion of the sale, the director owned 40,669 shares of the company’s stock, valued at $1,126,124.61. This trade represents a 33.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 67,928 shares of company stock valued at $1,878,484 over the last three months. 3.80% of the stock is owned by insiders.

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.