World Kinect (NYSE:WKC) Director Paul Stebbins Sells 33,445 Shares of Stock

World Kinect Corporation (NYSE:WKC) Director Paul Stebbins sold 33,445 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $39.93, for a total value of $1,335,458.85. Following the sale, the director directly owned 58,878 shares in the company, valued at $2,350,998.54. This represents a 36.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

World Kinect Stock Performance

NYSE WKC opened at $39.82 on Friday. The firm has a market capitalization of $2.04 billion, a P/E ratio of -12.41, a PEG ratio of 0.61 and a beta of 1.19. The stock has a 50-day simple moving average of $33.33 and a two-hundred day simple moving average of $28.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $41.20.

World Kinect (NYSE:WKC) last issued its earnings results on Thursday, July 23rd. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $10.50 billion. World Kinect had a positive return on equity of 11.24% and a negative net margin of 0.43%.The company’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. On average, equities analysts forecast that World Kinect Corporation will post 3.6 earnings per share for the current year.

World Kinect Increases Dividend

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

Hedge Funds Weigh In On World Kinect

A number of large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in World Kinect by 2.2% during the first 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 in the last quarter. AQR Capital Management LLC increased its position in shares of 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 buying an additional 16,874 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 valued at $963,000 after buying an additional 1,497 shares in the last quarter. Millennium Management LLC raised its stake in shares of World Kinect by 3.3% during the 1st quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock worth $14,909,000 after buying an additional 16,738 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of 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 buying an additional 34,807 shares during the period. Institutional investors and hedge funds own 97.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Morgan Stanley set a $30.00 price objective on shares of World Kinect in a research note on Wednesday. Weiss Ratings cut shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday. Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Zacks Research raised shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.00.

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.