Versor Investments LP Has $710,000 Stake in World Kinect Corporation $WKC

Versor Investments LP raised its position in World Kinect Corporation (NYSE:WKC) by 197.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,310 shares of the company’s stock after purchasing an additional 20,110 shares during the quarter. Versor Investments LP’s holdings in World Kinect were worth $710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio raised its stake in shares of World Kinect by 46.5% in the 4th quarter. Strs Ohio now owns 31,500 shares of the company’s stock valued at $738,000 after purchasing an additional 10,000 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of World Kinect by 9.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 90,321 shares of the company’s stock valued at $2,116,000 after purchasing an additional 7,941 shares during the period. UBS Group AG raised its stake in shares of World Kinect by 38.1% in the 4th quarter. UBS Group AG now owns 226,440 shares of the company’s stock valued at $5,305,000 after purchasing an additional 62,492 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 62,111 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of World Kinect by 12.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 174,715 shares of the company’s stock valued at $4,097,000 after purchasing an additional 18,704 shares during the period. Institutional investors and hedge funds own 97.06% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul H. Stebbins sold 20,828 shares of World Kinect 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 completion of the transaction, the director owned 40,669 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, Director Richard A. Kassar sold 10,000 shares of World Kinect stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.97, for a total value of $269,700.00. Following the transaction, the director owned 53,812 shares of the company’s stock, valued at $1,451,309.64. The trade was a 15.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 67,928 shares of company stock worth $1,878,484 over the last 90 days. 3.80% of the stock is currently owned by insiders.

World Kinect Price Performance

Shares of NYSE WKC opened at $27.42 on Thursday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.69, a PEG ratio of 0.56 and a beta of 1.22. The business has a 50-day moving average of $24.26 and a 200-day moving average of $24.94. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87. World Kinect Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $29.85.

World Kinect (NYSE:WKC) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share 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%.World Kinect’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, sell-side analysts predict that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were issued a $0.20 dividend. The ex-dividend date was Monday, March 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.9%. World Kinect’s dividend payout ratio (DPR) is presently -7.84%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WKC. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Morgan Stanley lifted 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.50.

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.