Insider Selling: World Kinect (NYSE:WKC) Chairman Sells 10,000 Shares

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of World Kinect stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $35.40, for a total value of $354,000.00. Following the sale, the chairman directly owned 966,450 shares in the company, valued at $34,212,330. The trade was a 1.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

World Kinect Price Performance

World Kinect stock traded up $0.32 during trading hours on Friday, hitting $35.41. 496,840 shares of the company traded hands, compared to its average volume of 968,771. World Kinect Corporation has a 1-year low of $22.21 and a 1-year high of $41.20. The firm has a market cap of $1.81 billion, a P/E ratio of -11.03, a P/E/G ratio of 0.54 and a beta of 1.16. The firm’s 50-day simple moving average is $36.20 and its two-hundred day simple moving average is $29.84. 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 posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.54. The business had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $10.50 billion. World Kinect had a negative net margin of 0.43% and a positive return on equity of 11.24%. The business’s revenue was up 50.3% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. As a group, analysts forecast that World Kinect Corporation will post 3.6 earnings per share for the current fiscal year.

World Kinect Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.6%. This is a positive change from World Kinect’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, June 30th. World Kinect’s dividend payout ratio (DPR) is presently -28.66%.

Institutional Trading of World Kinect

Several large investors have recently added to or reduced their stakes in WKC. Cassaday & Co Wealth Management LLC purchased a new stake in shares of World Kinect in the first quarter valued at $37,000. Transamerica Financial Advisors LLC purchased a new position in shares of World Kinect during the second quarter valued at $73,000. Aquatic Capital Management LLC acquired a new position in World Kinect during the third quarter valued at $61,000. Nykredit A S purchased a new stake in World Kinect in the 2nd quarter worth about $84,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in World Kinect by 977.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock worth $62,000 after acquiring an additional 2,386 shares in the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WKC has been the subject of several research reports. Weiss Ratings lowered World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $30.00 target price on World Kinect in a report on Wednesday, July 29th. Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen downgraded World Kinect from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, World Kinect has a consensus rating of “Hold” and a consensus target price of $30.00.

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.