Richard Kassar Sells 10,000 Shares of World Kinect (NYSE:WKC) Stock

World Kinect Corporation (NYSE:WKC) Director Richard Kassar sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $26.97, for a total value of $269,700.00. Following the completion of the transaction, the director owned 53,812 shares in the company, valued at $1,451,309.64. This represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

World Kinect Trading Up 0.1%

WKC opened at $27.42 on Thursday. The stock has a market capitalization of $1.41 billion, a PE ratio of -2.69, a P/E/G ratio of 0.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.87 and a current ratio of 1.05. World Kinect Corporation has a one year low of $22.21 and a one year high of $29.85. The business’s 50 day moving average price is $24.26 and its 200 day moving average price is $24.94.

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

World Kinect Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.9%. World Kinect’s dividend payout ratio is currently -7.84%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WKC. Millennium Management LLC increased its holdings in World Kinect by 373.8% in the third 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. Brandes Investment Partners LP increased its stake in shares of World Kinect by 30.9% during the 4th quarter. Brandes Investment Partners LP now owns 3,845,750 shares of the company’s stock worth $90,106,000 after purchasing an additional 907,490 shares in the last quarter. American Century Companies Inc. increased its stake in shares of World Kinect by 64.1% during the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after purchasing an additional 407,225 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of World Kinect during the 4th quarter worth approximately $9,427,000. Finally, Qube Research & Technologies Ltd boosted its position in World Kinect by 119.5% during the third quarter. Qube Research & Technologies Ltd now owns 702,367 shares of the company’s stock worth $18,226,000 after acquiring an additional 382,340 shares during the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WKC has been the topic of several recent analyst reports. Morgan Stanley increased their target price on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research upgraded shares of World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.