World Kinect (NYSE:WKC) Chairman Michael Kasbar Sells 700 Shares

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 700 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $30.00, for a total transaction of $21,000.00. Following the completion of the transaction, the chairman directly owned 1,040,750 shares of the company’s stock, valued at $31,222,500. The trade was a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

World Kinect Stock Performance

Shares of World Kinect stock opened at $31.18 on Wednesday. The firm has a market capitalization of $1.60 billion, a P/E ratio of -3.05, a PEG ratio of 0.62 and a beta of 1.22. 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 company has a 50 day moving average price of $26.48 and a 200 day moving average price of $25.46. World Kinect Corporation has a 52 week low of $22.21 and a 52 week high of $31.21.

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

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Monday, March 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. World Kinect’s dividend payout ratio (DPR) is currently -7.84%.

Institutional Investors Weigh In On World Kinect

A number of institutional investors have recently added to or reduced their stakes in WKC. Hantz Financial Services Inc. grew its stake in World Kinect by 282.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,286 shares of the company’s stock valued at $33,000 after acquiring an additional 950 shares during the period. Clearstead Advisors LLC grew its stake in World Kinect by 52.8% in the 3rd quarter. Clearstead Advisors LLC now owns 1,261 shares of the company’s stock valued at $33,000 after acquiring an additional 436 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in World Kinect during the 1st quarter worth $37,000. Aquatic Capital Management LLC acquired a new stake in World Kinect during the 3rd quarter worth $61,000. Finally, Aster Capital Management DIFC Ltd boosted its stake in World Kinect by 977.9% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after purchasing an additional 2,386 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WKC. Zacks Research lowered shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen raised shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley raised their price target on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $29.50.

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.