World Kinect (NYSE:WKC) Chairman Michael Kasbar Sells 10,000 Shares of Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $29.15, for a total transaction of $291,500.00. Following the completion of the sale, the chairman owned 1,041,450 shares of the company’s stock, valued at $30,358,267.50. The trade was a 0.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

World Kinect Trading Up 1.7%

WKC opened at $29.69 on Friday. The firm has a 50-day moving average price of $26.06 and a two-hundred day moving average price of $25.32. The stock has a market capitalization of $1.52 billion, a PE ratio of -2.91, a PEG ratio of 0.60 and a beta of 1.22. World Kinect Corporation has a 1-year low of $22.21 and a 1-year high of $29.88. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65.

World Kinect (NYSE:WKC) last released its earnings results on Thursday, April 23rd. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.31 by $0.44. The company had revenue of $9.69 billion during the quarter, compared to analysts’ expectations of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts anticipate that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

World Kinect Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect’s dividend payout ratio (DPR) is -7.84%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Numerai GP LLC acquired a new position in World Kinect during the third quarter valued at approximately $2,557,000. American Century Companies Inc. grew its holdings in World Kinect by 64.1% during the third quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock valued at $27,060,000 after purchasing an additional 407,225 shares during the period. LSV Asset Management grew its holdings in World Kinect by 6.3% during the third quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock valued at $45,172,000 after purchasing an additional 103,489 shares during the period. UBS Group AG lifted its stake in World Kinect by 38.1% in the fourth quarter. UBS Group AG now owns 226,440 shares of the company’s stock valued at $5,305,000 after buying an additional 62,492 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in World Kinect by 98.6% in the fourth quarter. GSA Capital Partners LLP now owns 96,774 shares of the company’s stock valued at $2,267,000 after buying an additional 48,048 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WKC shares. Zacks Research cut shares of World Kinect from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded shares of World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley lifted their price target on shares of World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $29.50.

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.