John Manley Sells 10,000 Shares of World Kinect (NYSE:WKC) Stock

World Kinect Corporation (NYSE:WKC) Director John Manley sold 10,000 shares of World Kinect stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $39.88, for a total transaction of $398,800.00. Following the transaction, the director directly owned 54,116 shares in the company, valued at $2,158,146.08. This trade represents a 15.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

World Kinect Stock Performance

NYSE:WKC opened at $39.82 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.06 and a quick ratio of 0.91. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -12.41, a PEG ratio of 0.61 and a beta of 1.19. The company’s 50-day moving average is $33.33 and its two-hundred day moving average is $28.24. World Kinect Corporation has a 1-year low of $22.21 and a 1-year high of $41.20.

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

World Kinect Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were issued a $0.23 dividend. This is a boost from World Kinect’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, June 30th. World Kinect’s payout ratio is currently -28.66%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings cut World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday. Morgan Stanley set a $30.00 price target on World Kinect in a research note on Wednesday. Zacks Research upgraded World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised World Kinect from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Institutional Trading of World Kinect

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of World Kinect by 2.2% in the first quarter. Royal Bank of Canada now owns 68,228 shares of the company’s stock valued at $1,934,000 after buying an additional 1,481 shares in the last quarter. AQR Capital Management LLC lifted its stake in World Kinect by 16.5% during the 1st quarter. AQR Capital Management LLC now owns 119,198 shares of the company’s stock worth $3,380,000 after acquiring an additional 16,874 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in World Kinect by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company’s stock valued at $963,000 after acquiring an additional 1,497 shares during the period. Millennium Management LLC boosted its holdings in World Kinect by 3.3% during the 1st quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock valued at $14,909,000 after acquiring an additional 16,738 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in World Kinect by 18.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company’s stock valued at $6,262,000 after acquiring an additional 34,807 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

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.