Versor Investments LP Purchases 20,110 Shares of World Kinect Corporation $WKC

Versor Investments LP raised its position in World Kinect Corporation (NYSE:WKC) by 197.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,310 shares of the company’s stock after buying an additional 20,110 shares during the period. Versor Investments LP owned about 0.05% of World Kinect worth $710,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in World Kinect by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock valued at $157,297,000 after buying an additional 62,111 shares during the last quarter. Invesco Ltd. boosted its position in World Kinect by 9.5% in the 3rd quarter. Invesco Ltd. now owns 2,450,762 shares of the company’s stock valued at $63,597,000 after buying an additional 213,145 shares during the last quarter. LSV Asset Management boosted its position in World Kinect by 6.3% in the 3rd quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock valued at $45,172,000 after buying an additional 103,489 shares during the last quarter. Millennium Management LLC boosted its position in World Kinect by 373.8% in the 3rd quarter. Millennium Management LLC now owns 1,602,996 shares of the company’s stock valued at $41,598,000 after buying an additional 1,264,684 shares during the last quarter. Finally, Boston Partners boosted its position in World Kinect by 5.1% in the 3rd quarter. Boston Partners now owns 1,568,452 shares of the company’s stock valued at $40,637,000 after buying an additional 76,138 shares during the last quarter. 97.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Paul H. Stebbins sold 20,828 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $27.69, for a total transaction of $576,727.32. Following the sale, the director owned 40,669 shares of the company’s stock, valued at $1,126,124.61. This trade represents a 33.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Michael John Kroll sold 2,100 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $27.30, for a total value of $57,330.00. Following the sale, the chief accounting officer directly owned 10,390 shares in the company, valued at approximately $283,647. This represents a 16.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 67,928 shares of company stock worth $1,878,484. 3.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on WKC. Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Morgan Stanley increased their price target on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, May 5th. Finally, Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $29.50.

World Kinect Stock Performance

Shares of World Kinect stock opened at $27.42 on Thursday. The stock’s fifty day simple moving average is $24.26 and its 200 day simple moving average is $24.94. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1.41 billion, a PE ratio of -2.69, a PEG ratio of 0.56 and a beta of 1.22. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $29.85.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.44. The company had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. On average, research analysts predict that World Kinect Corporation will post 2.79 EPS for the current year.

World Kinect Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.9%. World Kinect’s dividend payout ratio (DPR) is currently -7.84%.

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.