Insider Selling: World Kinect (NYSE:WKC) Chairman Sells $21,000.00 in Stock

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 700 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $30.00, for a total value of $21,000.00. Following the transaction, the chairman directly owned 1,040,750 shares in the company, valued at $31,222,500. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

World Kinect Stock Down 0.1%

NYSE:WKC opened at $31.41 on Friday. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -3.08, a price-to-earnings-growth ratio of 0.64 and a beta of 1.22. World Kinect Corporation has a twelve month low of $22.21 and a twelve month high of $31.89. The stock’s 50 day moving average price is $26.81 and its two-hundred day moving average price is $25.57. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

World Kinect (NYSE:WKC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.44. The firm had revenue of $9.69 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. Equities research analysts expect that World Kinect Corporation will post 2.79 earnings per share for the current fiscal year.

World Kinect Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders 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 annualized dividend and a dividend yield of 2.5%. World Kinect’s payout ratio is -7.84%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of World Kinect by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 6,713,507 shares of the company’s stock worth $157,297,000 after acquiring an additional 62,111 shares during the last quarter. Brandes Investment Partners LP grew its holdings in World Kinect by 30.9% in the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock valued at $90,106,000 after buying an additional 907,490 shares in the last quarter. Invesco Ltd. grew its holdings 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 in the last quarter. LSV Asset Management grew its holdings in World Kinect by 11.4% in the 4th quarter. LSV Asset Management now owns 1,938,804 shares of the company’s stock valued at $45,426,000 after buying an additional 198,076 shares in the last quarter. Finally, Millennium Management LLC grew its holdings 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 in the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WKC shares. Morgan Stanley boosted their target price on World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, May 5th. Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings raised World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Finally, Zacks Research lowered World Kinect from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price 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.