World Kinect (NYSE:WKC) Director Sells $269,700.00 in Stock

World Kinect Corporation (NYSE:WKC) Director Richard Kassar sold 10,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $26.97, for a total transaction of $269,700.00. Following the completion of the transaction, the director owned 53,812 shares in the company, valued at approximately $1,451,309.64. The trade was a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

World Kinect Stock Up 2.3%

WKC opened at $28.02 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -2.74, a PEG ratio of 0.56 and a beta of 1.22. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $29.85. The company’s 50-day moving average price is $24.33 and its two-hundred day moving average price is $24.94.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.44. The firm had revenue of $9.69 billion for 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 company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts expect that World Kinect Corporation will post 2.79 earnings per share for the current year.

World Kinect Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, March 30th. World Kinect’s payout ratio is presently -7.84%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WKC shares. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, 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 research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.50.

Institutional Trading of World Kinect

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its holdings in World Kinect by 47.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,463 shares of the company’s stock worth $3,152,000 after acquiring an additional 38,888 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in World Kinect by 42.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,011 shares of the company’s stock worth $4,048,000 after acquiring an additional 46,390 shares during the period. Numerai GP LLC bought a new stake in World Kinect during the 3rd quarter worth approximately $2,557,000. American Century Companies Inc. increased its holdings in World Kinect by 64.1% during the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after acquiring an additional 407,225 shares during the period. Finally, LSV Asset Management increased its holdings in World Kinect by 6.3% during the 3rd quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock worth $45,172,000 after acquiring an additional 103,489 shares during the period. Institutional investors 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.