World Kinect Corporation $WKC Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP grew its position in shares of World Kinect Corporation (NYSE:WKC) by 64.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 116,078 shares of the company’s stock after buying an additional 45,560 shares during the period. Engineers Gate Manager LP’s holdings in World Kinect were worth $3,824,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System raised its position in shares of World Kinect by 2,393.9% during the 2nd quarter. California State Teachers Retirement System now owns 1,842,104 shares of the company’s stock valued at $55,923,000 after acquiring an additional 1,768,240 shares in the last quarter. Millennium Management LLC increased its stake in World Kinect by 373.8% during 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 during the last quarter. Brandes Investment Partners LP increased its stake in World Kinect by 30.9% during the fourth 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 last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of World Kinect by 235.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 644,941 shares of the company’s stock worth $14,879,000 after purchasing an additional 452,462 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in shares of World Kinect during the fourth quarter worth $9,427,000. 97.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Michael J. Kasbar sold 10,000 shares of World Kinect stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $35.40, for a total transaction of $354,000.00. Following the completion of the sale, the chairman owned 966,450 shares in the company, valued at $34,212,330. The trade was a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul H. Stebbins sold 33,445 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total value of $1,335,458.85. Following the completion of the sale, the director directly owned 58,878 shares of the company’s stock, valued at approximately $2,350,998.54. This trade represents a 36.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 104,445 shares of company stock valued at $3,915,119. Company insiders own 3.80% of the company’s stock.

World Kinect Price Performance

Shares of World Kinect stock opened at $35.10 on Friday. 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 Corporation has a 1-year low of $22.21 and a 1-year high of $41.20. The firm has a fifty day simple moving average of $36.44 and a 200-day simple moving average of $30.20. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -10.93, a PEG ratio of 0.54 and a beta of 1.16.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.54. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The business had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. During the same quarter last year, the company posted $0.59 earnings per share. World Kinect’s quarterly 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, sell-side analysts expect that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders 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 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 30th. World Kinect’s payout ratio is currently -28.66%.

Analyst Ratings Changes

WKC has been the subject of a number of analyst reports. Morgan Stanley set a $30.00 price objective on World Kinect in a research report on Wednesday, July 29th. Wall Street Zen downgraded World Kinect from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings lowered shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note 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 equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.00.

World Kinect Company Profile

World Kinect Corporation (NYSE: WKC) is an energy management company that provides fuel, energy and related services to customers in the aviation, marine and land transportation industries. Its offerings include the sourcing, marketing, distribution and delivery of conventional and alternative fuels, as well as energy procurement and risk-management solutions.

The company serves commercial airlines, business and general aviation operators, shipping companies, trucking and transportation businesses, government entities, utilities and other commercial customers.