Insider Selling: World Kinect (NYSE:WKC) Director Sells 10,000 Shares of Stock

World Kinect Corporation (NYSE:WKC) Director John Manley sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director owned 54,116 shares in the company, valued at approximately $2,158,146.08. The trade was a 15.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

World Kinect Stock Performance

World Kinect stock traded up $0.09 during trading hours on Friday, hitting $39.82. The stock had a trading volume of 1,184,482 shares, compared to its average volume of 971,937. The company has a market cap of $2.04 billion, a PE ratio of -12.41, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19. The company has a quick ratio of 0.91, a current ratio of 1.06 and a debt-to-equity ratio of 0.58. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $41.20. The company has a 50-day moving average of $33.12 and a two-hundred day moving average of $28.16.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.54. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The business had revenue of $13.59 billion during the quarter, compared to analyst estimates of $10.50 billion. During the same period in the prior year, the company posted $0.59 earnings per share. World Kinect’s 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, equities research analysts anticipate that World Kinect Corporation will post 3.6 EPS for the current fiscal year.

World Kinect Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were paid a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.3%. This is an increase from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio is currently -28.66%.

Institutional Trading of World Kinect

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its position in World Kinect by 2.2% in the 1st quarter. Royal Bank of Canada now owns 68,228 shares of the company’s stock worth $1,934,000 after purchasing an additional 1,481 shares during the last quarter. AQR Capital Management LLC boosted its holdings in World Kinect by 16.5% in the first quarter. AQR Capital Management LLC now owns 119,198 shares of the company’s stock valued at $3,380,000 after acquiring an additional 16,874 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in World Kinect by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company’s stock worth $963,000 after purchasing an additional 1,497 shares during the period. Millennium Management LLC increased its position in World Kinect by 3.3% in the first quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock worth $14,909,000 after purchasing an additional 16,738 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in World Kinect by 18.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company’s stock worth $6,262,000 after purchasing an additional 34,807 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WKC. Morgan Stanley set a $30.00 price objective on shares of World Kinect in a report on Wednesday. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Wall Street Zen upgraded World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings cut World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, World Kinect presently has an average rating of “Hold” and an average price target of $31.50.

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.