Jupiter Topco LLC Invests $601,000 in World Kinect Corporation $WKC

Jupiter Topco LLC acquired a new position in shares of World Kinect Corporation (NYSE:WKC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,239 shares of the company’s stock, valued at approximately $601,000.

Other hedge funds have also bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new position in World Kinect during the 1st quarter valued at about $37,000. Aquatic Capital Management LLC bought a new stake in World Kinect in the third quarter worth about $61,000. Clearstead Advisors LLC boosted its position in shares of World Kinect by 108.8% during the fourth quarter. Clearstead Advisors LLC now owns 2,633 shares of the company’s stock valued at $62,000 after buying an additional 1,372 shares during the period. Aster Capital Management DIFC Ltd grew its stake in shares of World Kinect by 977.9% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,630 shares of the company’s stock valued at $62,000 after buying an additional 2,386 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of World Kinect in the second quarter worth approximately $96,000. Institutional investors own 97.06% of the company’s stock.

Insider Buying and Selling

In other World Kinect news, EVP Jose-Miguel Tejada sold 6,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $37.16, for a total value of $222,960.00. Following the completion of the transaction, the executive vice president directly owned 35,676 shares in the company, valued at approximately $1,325,720.16. The trade was a 14.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul H. Stebbins sold 33,445 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $39.93, for a total transaction of $1,335,458.85. Following the completion of the sale, the director owned 58,878 shares in the company, valued at $2,350,998.54. This represents a 36.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 104,445 shares of company stock valued at $3,915,119. 3.80% of the stock is owned by insiders.

World Kinect Trading Up 0.0%

NYSE WKC opened at $35.41 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 1.06. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -11.03, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16. The company’s 50-day simple moving average is $36.24 and its two-hundred day simple moving average is $29.90. World Kinect Corporation has a one year low of $22.21 and a one year high of $41.20.

World Kinect (NYSE:WKC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.54. The firm 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 company’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. World Kinect has set its FY 2026 guidance at 3.200-3.400 EPS. Equities analysts forecast that World Kinect Corporation will post 3.6 EPS for the current fiscal year.

World Kinect Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th were issued a $0.23 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from World Kinect’s previous quarterly dividend of $0.20. World Kinect’s dividend payout ratio (DPR) is -28.66%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WKC. Wall Street Zen cut World Kinect from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 29th. Weiss Ratings downgraded World Kinect from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, July 28th. Morgan Stanley set a $30.00 target price on shares of World Kinect in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, World Kinect currently has an average rating of “Hold” and a consensus price target of $30.00.

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.