238,820 Shares in World Kinect Corporation $WKC Bought by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of World Kinect Corporation (NYSE:WKC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 238,820 shares of the company’s stock, valued at approximately $7,867,000.

Several other institutional investors have also bought and sold shares of WKC. Cassaday & Co Wealth Management LLC bought a new stake in shares of World Kinect in the 1st quarter worth about $37,000. Aquatic Capital Management LLC bought a new position in shares of World Kinect in the 3rd quarter valued at about $61,000. Clearstead Advisors LLC grew its position in World Kinect by 108.8% in the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock worth $62,000 after acquiring an additional 1,372 shares in the last quarter. Aster Capital Management DIFC Ltd grew its position in World Kinect by 977.9% in the fourth 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. Finally, Transamerica Financial Advisors LLC bought a new stake in World Kinect during the second quarter worth approximately $73,000. Institutional investors own 97.06% of the company’s stock.

Analyst Upgrades and Downgrades

WKC has been the topic of a number of recent research reports. Weiss Ratings downgraded World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded World Kinect from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Morgan Stanley set a $30.00 price target on World Kinect in a report on Wednesday, July 29th. Finally, Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. One equities research 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 an average rating of “Hold” and a consensus target price of $30.00.

World Kinect Stock Up 0.5%

Shares of NYSE WKC opened at $35.61 on Monday. World Kinect Corporation has a 12-month low of $22.21 and a 12-month high of $41.20. The stock’s fifty day simple moving average is $35.92 and its two-hundred day simple moving average is $29.61. The stock has a market capitalization of $1.82 billion, a PE ratio of -11.09, a price-to-earnings-growth ratio of 0.54 and a beta of 1.17. The company has a current ratio of 1.06, a quick ratio of 0.91 and a debt-to-equity ratio of 0.58.

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

World Kinect Increases Dividend

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

Insider Activity

In other World Kinect news, Chairman Michael J. Kasbar sold 25,000 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $35.04, for a total transaction of $876,000.00. Following the completion of the sale, the chairman directly owned 986,450 shares of the company’s stock, valued at approximately $34,565,208. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jose-Miguel Tejada sold 6,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $37.16, for a total transaction of $222,960.00. Following the completion of the sale, the executive vice president owned 35,676 shares in the company, valued at $1,325,720.16. This represents a 14.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 124,445 shares of company stock valued at $4,455,900. Company insiders own 3.80% of the company’s stock.

World Kinect 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.