Insider Selling: World Kinect (NYSE:WKC) EVP Sells $222,960.00 in Stock

World Kinect Corporation (NYSE:WKC) EVP Jose-Miguel Tejada sold 6,000 shares of World Kinect stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $37.16, for a total transaction of $222,960.00. Following the sale, the executive vice president owned 35,676 shares in the company, valued at approximately $1,325,720.16. This represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

World Kinect Stock Performance

NYSE WKC opened at $36.51 on Thursday. The stock has a fifty day simple moving average of $35.29 and a 200 day simple moving average of $29.19. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $41.20. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -11.37, a PEG ratio of 0.55 and a beta of 1.17. 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 (NYSE:WKC) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.54. The company had revenue of $13.59 billion during 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 firm’s revenue was up 50.3% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Sell-side analysts expect that World Kinect Corporation will post 3.6 EPS for the current year.

World Kinect Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were paid a dividend of $0.23 per share. This is an increase from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, June 30th. World Kinect’s payout ratio is -28.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WKC shares. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of World Kinect from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 1st. Finally, Morgan Stanley set a $30.00 price objective on shares of World Kinect in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in World Kinect by 373.8% during the third quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock worth $41,598,000 after acquiring an additional 1,264,684 shares during the period. Brandes Investment Partners LP boosted its position in World Kinect by 30.9% in the fourth quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after purchasing an additional 907,490 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in World Kinect by 235.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 644,941 shares of the company’s stock valued at $14,879,000 after purchasing an additional 452,462 shares during the period. Pacer Advisors Inc. purchased a new stake in shares of World Kinect during the 4th quarter valued at $9,427,000. Finally, Qube Research & Technologies Ltd increased its position in shares of World Kinect by 119.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock valued at $18,226,000 after purchasing an additional 382,340 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

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.