Paul Stebbins Sells 20,828 Shares of World Kinect (NYSE:WKC) Stock

World Kinect Corporation (NYSE:WKC) Director Paul Stebbins sold 20,828 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $1,126,124.61. This trade represents a 33.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

World Kinect Stock Up 0.6%

Shares of NYSE WKC opened at $27.07 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. World Kinect Corporation has a 12 month low of $22.21 and a 12 month high of $29.85. The firm has a market capitalization of $1.39 billion, a PE ratio of -2.65, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. The firm has a fifty day simple moving average of $24.09 and a two-hundred day simple moving average of $24.89.

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

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders 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 yield of 3.0%. World Kinect’s dividend payout ratio is -7.84%.

Institutional Investors Weigh In On World Kinect

A number of institutional investors have recently modified their holdings of WKC. 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 worth $1,934,000 after acquiring an additional 1,481 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of World Kinect by 16.5% in the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of World Kinect by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,972 shares of the company’s stock worth $963,000 after acquiring an additional 1,497 shares during the last quarter. Millennium Management LLC grew its stake in shares of World Kinect by 3.3% in the first quarter. Millennium Management LLC now owns 525,697 shares of the company’s stock worth $14,909,000 after acquiring an additional 16,738 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of World Kinect by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 220,791 shares of the company’s stock worth $6,262,000 after acquiring an additional 34,807 shares during the last quarter. 97.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WKC shares. Wall Street Zen upgraded shares of World Kinect from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Zacks Research raised World Kinect from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Morgan Stanley upped their price target on World Kinect from $25.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.